Question on agm

 

Dear Sir,

Due to Dispute & Court case between directors, My company not able to finalize Financial Statements & Hold AGM within Time Limit prescribed in Sec 166 & 210 for the Financial Year ended 2011-12. 

Now the Court case has been settled & Managing Director has vacated his office in Dec 2012.New MD has been appointed. 

Please provide the solution of below Points. 

1. Who can sign Annual Accounts at present? 
2. How we can hold AGM because AGM not held in time.?
3. Any Intimation to ROC required or not?
4. Any other Consequences like Penalty etc?

Thanks & Regards

 

Replies (3)

as per my view , u should hold the agm after that time period, pay penalty , file form to roc , and signed by present director. because if you not hold agm then voilation is increse simultaneously , so hold the agm then solve this matter , if u nt hold than voilation will increase

Thank you, Sir!

Dear Urvashi,

As per my view, First hold the meeting and simultaniously file with the registrar for the extending the time limit for 3 months.

in this case, you will have to pay the penalty only for 3 months not for 6 months.

 

Regards.

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