AGM
This query is : Resolved
20 May 2010
can AGM conducted on Saturday is valid or not?
20 May 2010
If the Saturday referred is not a public holiday as per the Negotiable Instrument Act (XXV1 of 1881), AGM is valid. Pl refer section 2(38) and section 166(2) of the Companies Act,1956.
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21 May 2010
Pursuant to Section 166(2),an AGM is required to be held during the usual business hours of the Company other than on a public holiday (or Saturday where according to the standing instruction of the Company, Saturday has been declared as a Non-Working Day for usual business purposes), at the registered office of the Company or any other place within the city, town or village in which the registered office is situated.
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