when should be hold AGM ????

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kulvinder singh (Querist)
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28 December 2010 a private company incorporated on 27.12.2007.What should be date of AGM for FY 2007-08, 2008-09 & 2009-10???/

udit sharma

udit sharma (Expert)
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28 December 2010 Hi..

Depends on the First financial year adopted by the Board of Directors of the Company. As per the provision of section 166 of the Companies Act, 1956 a Company can hold its First AGM within 18 months from the date of its incorporation.

If the first financial year of the Company is from 27.12.2007 to 31.03.2008. Then in accordance with the provisions of section 166 read with section 210(3)(a) of the Companies Act, 1956, the First Annual General Meeting of the Company should be held on or before 31.12.2008

For the F.Y. 2007-08 - (FROM 27.12.2007 TO 31.03.2008) On or before 31.12.2008.

For the F.Y. 2008-09(01.04.2008-31.03.2009) On or before 30.09.2009

For the F.Y. 2009-2010(01.04.2009 TO 31.03.2010) On or before 30.09.2010

Regards

CS Udit Sharma

udit sharma

udit sharma (Expert)
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28 December 2010 Alternatively...

The First AGM of the Company should be held within 18 months from the date of incorporation.

Date of Incorporation - 27.12.2007
Due date of First AGM - 26.08.2009

Assuming the Board of Directors of the Company at the First BM of the Company held on 01.01.2008(This is to be held within 30 days from the date of registration) has adopted the First Financial year of the Company from 27.12.2007 to 31.03.2009 (comprising of approx. 15 months). The due date of first AGM of the Company is 26.08.2009.

Assuming the Company has decided to hold the First AGM on 27.05.2009.

The Company shall not be required to hold any seperate AGM for 2008-09 and there will be no non compliance of section 166 of the Companies Act, 1956.

Due date of AGM for financial year 2009-10(01.04.2009 to 31.03.2010)= 30.09.2010

Regards

CS Udit Sharma

Jayashree S Iyer

Jayashree S Iyer (Expert)
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28 December 2010 First AGM - on on before 26.08.2009 provided the first financial year is kept from the date of incorporation to 31.03.2009(Combined reading of Section 166 and 210 of the Companies Act, 1956).
Second AGM - on or before 30.09.2010.
However if the first financial year was closed on 31.03.2008 then the first AGM should be held on or before 31.12.2008.
Second AGM 30.09.2009
Third AGM 30.09.2010

sivadas chettoor

sivadas chettoor (Expert)
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09 January 2011 The first AGM should be held within 18 months and thus falls due on 26-06-2009 and not 26-08-2009 as suggested in the forum. The accounts can be stretched till 31-03-2009. If you plan to close the accounts on 31-03-2008 then hold AGM by 31-12-2008 since for the first AGM accounts can be 9 months prior to date of AGM.

siva208@yahoo.com

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