Due date of first agm
This query is : Resolved
17 November 2012
Dear all,
A pvt.ltd company, incorporated on 19/10/2011 and financial year ends on 31/03/2012. What is the due date of first AGM.
A pvt.ltd company, incorporated on 19/10/2011 and financial year ends on 31/03/2012. What is the due date of first AGM.
17 November 2012
Hi
If financial Year end on 31.03.2012 then your first AGM should be hold till 31.12.2012.
If financial Year end on 31.03.2012 then your first AGM should be hold till 31.12.2012.
17 November 2012
Hi
Laying of annual accounts and balance sheet before annual general meeting:
Only audited balance sheet and profit and loss account are to be laid before a company in annual general meeting. Un-audited balance sheet and profit and loss account cannot be laid before a company in annual general meeting.
Section 210 casts an obligation upon the Board of directors of a company to lay down balance sheet and profit and loss account before each and every annual general meeting held in pursuance of section
166:—
(a) First Annual General Meeting.—The Board shall lay before company's first annual general meeting a balance sheet and a profit and loss account for the period beginning with the incorporation of the company and ending with a day which shall not precede the day of the meeting by more than nine months — section 210(1) read with section 210(3)(a).
(b) Subsequent Annual General Meetings.—The Board shall lay before every annual general meeting a balance sheet of the company and a profit and loss account relating to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months.
In case where an extension of time for holding the subsequent annual general meeting has been granted by the Registrar under section 166(1), the balance sheet and profit and loss account shall relate to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months and the extension so
granted.
Laying of annual accounts and balance sheet before annual general meeting:
Only audited balance sheet and profit and loss account are to be laid before a company in annual general meeting. Un-audited balance sheet and profit and loss account cannot be laid before a company in annual general meeting.
Section 210 casts an obligation upon the Board of directors of a company to lay down balance sheet and profit and loss account before each and every annual general meeting held in pursuance of section
166:—
(a) First Annual General Meeting.—The Board shall lay before company's first annual general meeting a balance sheet and a profit and loss account for the period beginning with the incorporation of the company and ending with a day which shall not precede the day of the meeting by more than nine months — section 210(1) read with section 210(3)(a).
(b) Subsequent Annual General Meetings.—The Board shall lay before every annual general meeting a balance sheet of the company and a profit and loss account relating to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months.
In case where an extension of time for holding the subsequent annual general meeting has been granted by the Registrar under section 166(1), the balance sheet and profit and loss account shall relate to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months and the extension so
granted.
17 November 2012
1. Cut off date as per proviso to section 166(1) is 18/04/2013.
2. Cut off date as per section 210(3) is 31/12/2012.
3. Therefore, due date of first AGM is 31/12/2012.
2. Cut off date as per section 210(3) is 31/12/2012.
3. Therefore, due date of first AGM is 31/12/2012.
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