Adjourned agm held after due date

ashisha (Practising CA) (261 Points)

25 September 2013  

Dear All

If a company holds its AGM on 30 Sep 2013 for FY 2012-13 but the meeting gets adjourned due to want of quorum. Now the adjourned meeting will be held after the due date of AGM, will it attract any penalty?  What procedure can be followed for the same?