28 August 2017
What will be the date of First AGM if a company incorporated on 15/02/2013 as the Date of closing of the first financial year - 31.03.2014?
Which Companies Act will be applicable 1956 or 2013 in the above case??
And how the first Auditor be appointed in the above case and in what time??
28 August 2017
The first AGM has to be conducted within 6 months from the end of the first financial year of the company. In this case, the company has to conducted the First AGM at any point before 30th September 2014.
The Act applicable in this particular case should be Companies Act, 2013.
The First Auditors of the company should be appointed within one month from the date of incorporation by the Board of Directors i.e. 14/03/2013.
If Companies Act 2013 applicable in this particular case, then how it will be on or before 30th September 2014 and as per Section 96(1) of the Companies Act, 2013, it shall be held within within a period of nine months from the date of closing of the first financial year of the company i.e., first financial year ended in this case is 31.03.2014
And then the Auditor should be appointed in first AGM for five years then??
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