Management Trainee
36 Points
Joined August 2012
Q:"Hi Friends,
Kindly confirm me that if a company is incorporated on 28th feb, then what will be the last date to held the first AGM ?
whether it will be 28th Aug or 31st Aug of the next year?"
My Opinion:
I would like to disagree with Ankur Sir's Reply on the above mentioned subject. Incorporation Date being 28th Feb,2008, assuming 31st March 2009 as closure of accounts, within 18 Months would mean 30th August 2009 (28 Feb- 27 March amounts to only 28 days and cannot be considered a month as a whole.)
Logically, if Incorporation date was 1st March 2008, then first AGM due date would be 31st August, 2009. Therefore, heresay, one day lesser would mean 30th August, 2009 being the due date.
Note: Kindly provide a closure to Replies, will be very useful for all future readings.
Regards.