Dear All,
The last Agm of the company was convened and hold on 15th October, 2012 for the shorter FY of 6 month i. e from 1st April till septmebr, 2012. The Company on the advice of one PCS has extended the Finacial year by 18months i. e the FY of the Company would be from 1st October, 2012 till 31st March, 2014. An approval letter from ROC to that effect has also be recived. They have also filled an appilcation in ROC office for the extension for AGM and want that the permission be granted to them to hold AGM on or before 30th September, 2014. Now, mt query is that can ROC grant such an extension as it has got the power to grat extension of 3 months and not beyond u/s 166.And in case it rejects than company will need to hold agm this Calender year only than what it will do there as the accounts will not be there, coz the finacial yaer has been extended.Can a company hold its AGM w/o adoption accounts.
Pl. reply on ASAP basis.
Tha ks n regard
Neha
CAclubindia
