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Adoption of Financial statements

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(Querist)
14 September 2017 Financial statements should be adopted in AGM but can AGM be conducted without adoption of financial statement ? i.e. adoption of account is compulsary agenda item for AGM ?
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
15 September 2017 Adoption of the financial statement is one of the essential agenda of AGM
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CS Sheetal Mayekar

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CS Sheetal Mayekar (Querist)
15 September 2017 yes mam....it is essential agenda....but is it mandatory ? Is AGM for adoption of financial statements?
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CS Sheetal Mayekar

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CS Sheetal Mayekar (Querist)
15 September 2017 Can we hold AGM without adopting Financial statements ?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
18 September 2017 Yes. All other resolutions need to be passed and the meeting need to be adjourned to a later date for discussing the final accounts of the company
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
18 September 2017 It is mandatory that financial statement need to be adopted by the shareholders at AGM.
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