Conflict beteween Extension of Financial Year and AGM

This query is : Resolved

CA Navin Jain (Querist)
Follow

03 January 2011 A private limited company held its AGM on 30/09/09 for the financial year ended on 30/06/09.
In 2010 it was granted extension of financial year to 31/12/10 in terms of proviso to Sec 210(4).
What will be the due date for holding AGM for financial year ended on 31/12/10 as extended?
How is it practically possible to hold AGM in calendar year 2010 as per Sec 166?

udit sharma

udit sharma (Expert)
Follow

03 January 2011 The financial year 2009-10 has been exended to 18 months. From 01.07.2009 to 31.12.2010.

In my opinion, the due date of the AGM for the FY 2009-10, will be 30.06.2011.

I think that there will be no violation of the provisions of section 166 of the Companies Act, 1956 as this is an exceptional case in which the FY of the company has been extended to 18 months.

However, let us wait for the view of other eminent experts.....

Regards

CS Udit Sharma

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Samruddhi Agrawal

Rampal Saini

Raj Jaggi

CA jignesh daiya

vinod

Subscribe Now

Conflict beteween Extension of Financial Year and AGM

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA