1st agm

Meetings 977 views 4 replies

abhishek

assistant financial accountant

40 Points Joined March 2011

Dear All,

Is there any way out to extend the FIRST AGM for more than 18 months?

IF any, please let me know, urgently...

Replies (4)

jeets

461 Points Joined June 2010

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,

Upasna Agarwal A.C.S

Company Secretary

26 Points Joined March 2010

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.

Srirang Mahabhagwat

Asst. Company Secretary

341 Points Joined October 2011

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????.

CS Ankur Srivastava

Company Secretary & Compliance Officer

17858 Points Joined November 2008

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.