when the annual General meeting is to be conducted if it is a newly incorporated company explain with example for my better understanding
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Newly incorporated companies must hold their first Annual General Meeting (AGM) within nine months of the financial year's close, as per Section 96. Subsequent AGMs need to be held within six months of the financial year's end, ensuring no more than a 15-month gap between meetings. It's not mandatory to hold an AGM in the company's incorporation financial year itself.
Section 96,provides that every company other than opc to hold an annual General meeting every year. First annual General meeting should be held within 9 months from the closing of financial year. subsequent annual general meeting of the company should be held within 6 months from the date of closing of the relevant financial year. the gap between two annual General meeting shall not exceed 15 months.