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Question 5 Sporty Limited ("the Company") is a private company incorporated on July 16, 2011....

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Question 5 Sporty Limited ("the Company") is a private company incorporated on July 16, 2011. Its financial year ends on December 31. The Company has adopted the model articles for private companies limited by shares as its articles. John and Mary are the only members and directors of the Company and they hold equal shares. In view of the simple structure of the Company, John and Mary felt that an annual general meeting ("AGM") might not be useful. (a) When shall the Company hold its AGM in 2020? Explain. (3 marks) (b) Advise John and Mary on the types of business to be conducted in the Company's AGM. (8 marks) (c) Advise John and Mary on the possibility of not holding an AGM for the Company in 2020. (6 marks) (d) When shall the Company submit its 2020 annual return? Explain. (3 marks) (Total 20 marks)

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