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Agm

Aparna Raja K.C (Student) (520 Points)

04 December 2011

It is said that AGM should be conducted with in the business hours? but is it compulsory to conclude AGM within business hours?

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7 Replies

Prakash (Chartered Accountant) (560 Points)
Replied 04 December 2011

Act says AGM should be conducted in Business Hours,

Not like its should be Started or Ended in Business hrs

So, whole meeting should be in Business Hrs

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 04 December 2011

As per the , the meeting should be hed on working day and during the business hours. It clearly means that the meeting heas to be held in business hours.

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 04 December 2011

YES IN BUSINESS HOUR....

shivaprakash (CA-Final) (100 Points)
Replied 05 December 2011

yes it has to be held in business hours and should be concluded within business hours if not it should be adjourned.

Arunabha Acharya (Assistant Manager - Legal & Secretarial) (76 Points)
Replied 05 December 2011

Agreed with all of the above. The AGM should be conducted within Business hours. This automatically excludes Sundays (many people do ask if AGM can be held on Weekends).

Aparna Raja K.C (Student) (520 Points)
Replied 13 December 2011

Thank you..

but what about the AGM expenditure that is incurred after business hours?

i.e dinner provided to the members for AGM ??

Arunabha Acharya (Assistant Manager - Legal & Secretarial) (76 Points)
Replied 13 December 2011

Very simply put, Dinner for Members of the Company after AGM will most likely be treated as 'Entertainment Expenses.' Legally speaking, Dinner is not at all a part of AGM. If offered, it's completely a voluntary action of the Company and will be treated as an informal event.