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Related to AGM of a Company

Manager-Finance & Accounts

If the AGM of the Company was held on 25.09.2009, then when will be the next AGM Due, whether it would on 25.09.2010 or 30.09.2010 as the law says the AGM should be held within 12 months of the previous AGM or 6 months after the Balance Sheet Date ?

 
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Hi

 

Act says the gap between two AGMs must not exceed 15 months or 6 months from date of BS, whichever is earlier.

 
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Company Secretary & Compliance Officer

The Due date would be 30/09/2010

 
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Act says the gap between two AGM not more than 15 months or six month from yhe date of balance sheet whichever is earlier

 
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Chartered Accountant


As per companies Act the Gap b/w two AGMs should not be more than 15 months but AGM to be held within 6 months of closing of FY. So the due dat e of AGM would be 30.09.2010 in your case.

 
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Chartered Accountant


where it is written that...period between two agm must be 15 month...and with in 6 month from year ending so due date can be 30.09.2010

 
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Company Secretary and Compliance Officer

 

Originally posted by : vikash rathi
where it is written that...period between two agm must be 15 month...and with in 6 month from year ending so due date can be 30.09.2010

 Dear Vikas this question is to be decided under section 166 read with section 210.

 

Check section 166 for period between two agm must be 15 month...and

 

Check section 210 for 6 month limit.
 

 
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Section 166(1) of the Companies act 1956 states that "not more then fifteen months shall elapse between the date of one AGM of the Company and that of the next".

 

Section 210(3) states that, " profit & loss account of the Company shall relate to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of meeting by more then six months."

 

Collectively, the date of AGM should be the within 6 months from the close of financial year or within 15 months from the last AGM, which ever is earliar.

 

Regards

 

Karan Ramchandani  

 
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Could somebody help me in the following:

What would be the financial year of a company incorporated on 9th February, 2009 and when it has to hold the first AGM and also what would be the due date for holding AGM?

 
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COMPANY SECRETARY


The first Financial year of the Company will be from 09th February, 2009 to 31st March, 2010. The first AGM is required to be held within 18 months from the date of incorporation as per Section 166(1) of the Companies Act, 1956. So the first AGM should be held on or before 8th August, 2010, which is also its due date.

 
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