Approval and adoption of accounts
This query is : Resolved
12 October 2011
Can a private limited Company conduct a Board Meeting for approval of accounts and then on the same day conduct the Annual General Meeting for adoption of the accounts so approved ? Please let me know if it would be in complaince with the Companies Act, 1956? Urgent
12 October 2011
Yes.
Pursuant to section 171(2) of the Companies act, 1956, you can call AGM after giving shorter notice, on same date as of the date of board meeting.
However, you have to obtain consent to shorter notice for calling AGM, from all the members.
Pursuant to section 171(2) of the Companies act, 1956, you can call AGM after giving shorter notice, on same date as of the date of board meeting.
However, you have to obtain consent to shorter notice for calling AGM, from all the members.
12 October 2011
Consent should be obtained in form 22A.
12 October 2011
Thank you for your reply. Further Can u please let me know if special notice is required in case of EGM being hled for appointment of a auditor in casual vacancy as the retiring auditor is resigning before the expiry of the term of his office?
12 October 2011
To fill the casual vacancy arising by resignation of the Auditors, No special notice under section 225 is necessary. An EGM shall be convened and the appointment shall be made by passing an ordinary resolution.
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