Due date for conducting agm

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sriram (Querist)
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06 August 2012 My issue is on whether company need to conduct agm if its incorporated on 19/12/2007 and board meeting conducted on 09/01/2008 in which auditors are appointed?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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06 August 2012 The holding of the first annual general meeting shall comply with the following criteria of the Act:-

The gap between the last date of the accounting period and the meeting shall not exceed 9 months

Assuming the First Financial year commenced from 19.12.2007 to 31.03.2008

The first AGM was to be held on or before (within a gap of nine months): 31.12.2008

sriram

sriram (Querist)
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06 August 2012 If am conductin AGM on 31.12.2008 is there any need to conduct AGM for FY 08-09 again

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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06 August 2012 For FY 2008-09 , you have to hold AGM on or before 30.09.2009

sriram

sriram (Querist)
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06 August 2012 Is tat meaning i need to conduct AGM twice in Year 2009?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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06 August 2012 No.

1st AGM; On or before 31.12.2008
2nd AGM: On or before 30.09.2009