I am Shareholder of Private Limited company having 3 directors and few shareholder.
The company called an AGM without audited balance sheet and director's report.The day before AGM the director's changed the agenda of the meeting.
In the AGM the director's only discussed about future business plan.I am interested to know is this a legally acceptable AGM ?
They cannot change the date, place, time, etc of the AGM without intimating the shareholders and also revised details should be given to the shareholders. In the duly held AGM, accounts of the company should get approved. If the accounts does not get approved then the AGM is get adjourned and will held again.
If the director's are not agreeing, what may be the next course of action.
Since AGM is meetion of shareholders and they have idea about the AGM. If members does not receive any notice and agenda about AGM, then such AGM will be invalid.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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