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EGM section 100

Navin Agarwal (354 Points)

03 March 2018

can an egm be held on national holiday

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8 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 March 2018

NO, NOT AT ALL

Navin Agarwal (354 Points)
Replied 03 March 2018

so now tell me if a company conducts it's egm on 8th August...and due to want of quorom it gets postponed for a week....date will now fall as 15th August...so now what to do?? quote relevant rule section caselaw as the case may be...

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 March 2018

next working day

Navin Agarwal (354 Points)
Replied 03 March 2018

any section specific or general not
s

Navin Agarwal (354 Points)
Replied 03 March 2018

norms**

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 03 March 2018

Sub-section (2) of Section 96 of the Act requires the Annual General Meetings to be held during business hours on a day that is not a National Holiday. Explanation to Rule 17(2) of Companies (Management and Administration) Rules, 2014 prescribes that a Meeting called by the requisitionists should be convened only on a working day.

CHANDAN KUMAR PURVIYA (Self Employed) (143 Points)
Replied 04 March 2018

not at all b

harshit kumar (114 Points)
Replied 04 March 2018

yes an AGM shall not be convened on a national holiday but an adjourned meeting can be beld on a national holiday if there is no objections by the members