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Annual General Meeting


Rajat Kushwaha   24 October 2020

Rajat Kushwaha

 1 points

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what is meaning of this line?

Provide further that if a company holds its first annual General meeting as aforesaid, it shall not be necessary for the company to hold any annual general Meeting in the year of its incorporation.

avater

Dream CA Achieve CA   25 October 2020

Dream CA Achieve CA

 2 likes  14 points

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It means if a company hold its first AGM as per above provisions then it need not hold any other AGM in the year of its incorporation.

Chirag (Professional)     30 October 2020

Chirag
Professional 
 66 likes  775 points

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If first meeting held within 9 months of end of FY then no need to hold any agm on year of incorporation,first fy ends on upcoming 31/3 ,if co incorporated on 1/3/2020 then first fy as per act will ends on 31/3/2021 ,so by 31/12/2021 co can held it's AGM,and if company do so then it will not be looked as non compliance if no meeting held on calendar year 2020 ,it's only for first AGM thereafter Every AGM to be held within. 6 months or end of FY (by 30/9) and can be extended by roc with reason for 3 months but gap between two meetings should not exceed 15 months


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