Agm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 October 2012 Our Company is a subsidiary co of New Zealand Co.. All shareholders(directors) are in Nea Zealand. Can AGM be held in New Zealand?

Our company registered office is in Bangalore.

Is it possible to hold an AGM in New Zealand?

CA Mahesh

CA Mahesh (Expert)
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06 October 2012 No, as per sec 166(2), every AGM shall be called for at any time during business hours, on a day which is not a public holiday and shall be held either at registered office of the company or at any other place within the same city, town or village in which registered office of the company is situated.

However, proviso to sec 166 (2) allows a private co which is not a subsidiary of public co, to fix the place as well as time of its AGM through a members resolution.And such place can be outside India.But in that case approval of CG also required

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