It is said that AGM should be conducted with in the business hours? but is it compulsory to conclude AGM within business hours?
Prakash (Chartered Accountant) 04 December 2011
Act says AGM should be conducted in Business Hours,
Not like its should be Started or Ended in Business hrs
So, whole meeting should be in Business Hrs
CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) 04 December 2011
As per the , the meeting should be hed on working day and during the business hours. It clearly means that the meeting heas to be held in business hours.
shivaprakash (CA-Final) 05 December 2011
yes it has to be held in business hours and should be concluded within business hours if not it should be adjourned.
Arunabha Acharya (Assistant Manager - Legal & Secretarial) 05 December 2011
Agreed with all of the above. The AGM should be conducted within Business hours. This automatically excludes Sundays (many people do ask if AGM can be held on Weekends).
Aparna Raja K.C (Student) 13 December 2011
but what about the AGM expenditure that is incurred after business hours?
i.e dinner provided to the members for AGM ??
Arunabha Acharya (Assistant Manager - Legal & Secretarial) 13 December 2011
Very simply put, Dinner for Members of the Company after AGM will most likely be treated as 'Entertainment Expenses.' Legally speaking, Dinner is not at all a part of AGM. If offered, it's completely a voluntary action of the Company and will be treated as an informal event.