Dear All,
Is there any way out to extend the FIRST AGM for more than 18 months?
IF any, please let me know, urgently...
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1st agm
Replies (4)
Hi,
As per section 166
"Provided further that the Registrar may, for any special reason, extend the time within which any annual general meeting (not being the first annual general meeting) shall be held, by a period not exceeding three months."
It clearly means, you can't extend beyond 18 months, in case of first AGM.
What you can do is hold the meeting and adjourn it to a future date.
Thanks,
Dear Professonals,
I have to file B/S & P/L of a pvt. Ltd Co. conducting its first AGM.
DOI of the Co. is 14.09.2009. In my openion the due date of AGM was 13.03.2011
Please tell me if am right or not? Moreover , the Company has not covened its AGM before the due date. Now what procedure should be followed to settle the matter and file the B/S & P/L.
Regards.
Dear Upasana,
Your calculation of AGM due date is correct as per the Section 166 of the Act, but if you are closing your financial year on 31.03.2010, as per the Section 210 we need to hold AGM within 9 months of the close of Financial Year that is 31.12.2010
What say????.
| Originally posted by : Srirang Mahabhagwat | ||
 |
Dear Upasana, Your calculation of AGM due date is correct as per the Section 166 of the Act, but if you are closing your financial year on 31.03.2010, as per the Section 210 we need to hold AGM within 9 months of the close of Financial Year that is 31.12.2010. |
 |
Agree.
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