Annual general meeting not held in 12 months

The provisions of Section 166 read with section 210 has to be complied with irrespective of the extention of the financial year. The gap between two AGM'S must not be more than 15 months and the annual accounts must be laid before the members within 6 months from the end of the financial year except when the extention of AGM is taken from the ROC with due procedure and compliance.

Experts correct me if i am worng.

Think green be green.

Thank u Sir..

It means i have to apply for extension of AGM too.

Every AGM of a company must be held within 6 months from the date on which the financial year for which a Profit & Loss Account is prepared, ends.

dear tejal,

financial year cannot be more than 15 months. hence the extension of financial year to 18 months by ur company is not valid.

regds,

sangram 9422622828.

Note that Financial year may extend to eighteen months where special permission has been granted in that behalf by the Registrar by making application to ROC in e-Form 61.

I am totally agree with Mitesh Sir. But now my question is, now as we have taken extension for 18 months we wont be able to hold AGM in the year of 2012.

So is it compulsory to hold AGM every year?

According to section 166(1), every company must hold its AGM in each "year". 

However since you have taken extension from ROC, you are exempted from provision of Sec 166(1).