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first AGM

CA Srikanth Reddy (CHARTERED ACCOUNTANT) (44 Points)

25 October 2018

one private limited company incorporated on 26/11/2014.
They did not file any returns till now.
Now they want to file with ROC.
Paid up capital is Rs.1000000.
When shoould the company conducted first AGM?
For which Financial years I have to file financial statements?

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3 Replies

AMLAN12. (STUDENT) (120 Points)
Replied 25 October 2018

Within 9 months from the end of the 1st financial year 1st agm needs to be conducted. Since no gam was held that time and no return especially no Mgt-7 was not filed for the year, therefore it will be treated violation against sec 96 and 92

Neel Parikh (105 Points)
Replied 30 October 2018

For FY 2014-15 :- AGM Due date is 30-12-2015
For FY 2015-16 :- AGM Due date is 30-09-2016 (and same for further years)

Shrijay Sheth (Co-Founder) (2692 Points)
Replied 30 October 2018

Hi Mr Reddy, here is an answer for your query.

First Financial Year – 2014-15 (Due date of AGM – 31st December, 2015)

Second Financial Year – 2015-16 (Due date of AGM – 30th September, 2016 & not later than 15 months from previous AGM)

Further, the AGM will be help for subsequent financial years – 2016-17 and 2017-18. You will be required to file the returns for all these years.

I also suspect that the company’s status may be deactivated due to non-compliance. Let’s connect for Annual Compliance of the company. You can connect with my team on 1800-313-4151 or at support @ legalwiz.in.

This blog will also be helpful for you: https://www.legalwiz.in/blogs/annual-compliances-for-companies-due-dates/