Date of A.G.M.
This query is : Resolved
09 June 2011
A Company was incorporated on 16.04.2010.
As per Sec.166 the period of 18 monhts for holding the first AGM expires on 15.10.2011. However, as per Section 210 the time of 9 months from the last date of Accounts ends on 31.12.2011.
In my opinion to comply with both the Section the last date by which the Company is required to held AGM is 15.10.2011.
Kindly advice.
Further, is there any provision under the Act for the extension of time under Section 166 for holding the First AGM?
As per Sec.166 the period of 18 monhts for holding the first AGM expires on 15.10.2011. However, as per Section 210 the time of 9 months from the last date of Accounts ends on 31.12.2011.
In my opinion to comply with both the Section the last date by which the Company is required to held AGM is 15.10.2011.
Kindly advice.
Further, is there any provision under the Act for the extension of time under Section 166 for holding the First AGM?
09 June 2011
Yes, your opinion is right. AGM should be held by 15-10-2011.
Regarding extention of time, I donot recall the section at the moment, but provision is there for extention. You need to apply. extention can be of 3 months. Even if no extention is granted on merit, you can hold agm and then adjourn to some future date.
Regarding extention of time, I donot recall the section at the moment, but provision is there for extention. You need to apply. extention can be of 3 months. Even if no extention is granted on merit, you can hold agm and then adjourn to some future date.
09 June 2011
Sorry sir I think otherwise, no extension is allowed for the First AGM. The three months extension is for the subsequent AGMs.
Kindly confirm.
Kindly confirm.
10 June 2011
Jaspal is right. For 1st AGM no ext is allowed. refer Sec 166(1)
Message likes :
1 times
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
