Agm of subsidiary after agm of holding company

PUNEET OBEROI (CHARTERED ACCOUNTANT) (100 Points)

15 September 2011  

Dear Colleagues,

                               Can a holding company have its AGM completed before the audit of the accounts of the Subsidiary? If not, then what is preferrable, whether it is sufficient as per section 166 and section 212 that the accounts of subsidiary be audited before the AGM of Holding Company and be sent to the members of Holding compnay  before the AGM. OR it is required tha the AGM of subsidiary be held before despatching the notice of the Holding Company.

Thanks in advance.

Regards,

CA. Puneet Oberoi