(1) A general meeting (hereinafter referred to as the annual general meeting) shall be he'd annually at a place in India where there is an office of the Corporation within two months from the date on which the annual accounts of the Corporation are closed; and a general meeting may be convened by the Board at any other time.

(2) The share-holder present at the annual general meeting shall be en- titled to discuss the annual accounts, the report of the Board on the working of the Corporation throughout the year and the auditors' report on the annual balance-sheet and accounts.