Annual general meeting - sec 96 of companies act 2013
This query is : Resolved
18 April 2017
Hello Everyone.
Can a private limited company hold its first annual general beyond the 9 months from the end of the first financial year?
If yes, What are the consequences need to be fulfilled by the company.
Can a private limited company hold its first annual general beyond the 9 months from the end of the first financial year?
If yes, What are the consequences need to be fulfilled by the company.
19 April 2017
Dear Professional,
As per Act, Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company
if Company fails to hold AGM with in 9 month then follow below mentioned consequences will be on the Company.
99. If any default is made in holding a meeting of the company in accordance with section
96 or section 97 or section 98 or in complying with any directions of the Tribunal, the
company and every officer of the company who is in default shall be punishable with fine
which may extend to one lakh rupees and in the case of a continuing default, with a further
fine which may extend to five thousand rupees for every day during which such default
continues.
As per Act, Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company
if Company fails to hold AGM with in 9 month then follow below mentioned consequences will be on the Company.
99. If any default is made in holding a meeting of the company in accordance with section
96 or section 97 or section 98 or in complying with any directions of the Tribunal, the
company and every officer of the company who is in default shall be punishable with fine
which may extend to one lakh rupees and in the case of a continuing default, with a further
fine which may extend to five thousand rupees for every day during which such default
continues.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- FORM 141 SDV query
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
