a) Discuss the obligations of companies in respect to the holding of annual general meetings and the rules applicable to notices of such meeting. Describe the usual business of annual general meetings. (10 marks) b) Mrs. Francis Walker was recently hired as the company secretary for The West Indies Quarry and Grit Ltd. Upon reviewing the state of the company, Mrs. Walker realises that West Indies Quarry \& Grit Ltd has never had an Annual General Meeting (AGM) even though the company was incorporated as a public limited company two (2) years ago. i. Is it necessary for Mrs. Walker to organize such a meeting? Explain your position. (3 marks) ii. If an Annual General meeting is held, state FOUR usual business of such meeting (4 marks) iii. Outline FOUR the roles of the company secretary in respect of the registered company's affairs (4 marks) c) At a Board of Directors meeting of West Indies Quarry and Grit Ltd, the directors made the decision to pay dividends to shareholders even though the company had not made a profit in two years. Dividends will be most likely paid from capital. Advise the directors on such a proposal. (4 marks) Total 25 marks