Reg.ist agm

prathiba (company secretary) (259 Points)

03 September 2011  

 


03/09/2011 01:23:00  



I have a doubt regarding the conduct of ist agm. The company is a pvt ltd; co inc on 3.12.2009. The Ist agm is thus to be held on or before 02.06.2011.ie; the accounts to be adopted at the ist agm are from 03.12.2009 to 31.3.2011 ( as the fin.year cannot exceed 15 months as per sec.211) however, the co; has filed income tax return for the fin.year ended 31.3.2010 . so, now can the agm approve the accounts of 31.3.2010 and 31.3.2011 in a single agm. The notice of agm mentions adoption of annual accounts. Will the word annual be broad enough to cover the entire period of 15 months ie; 3.12.2009 to 31.3.2011 or should we show the adoption of accounts of years 31.3.2010 and 31.3.2011 separately. will i have to take the cut off date for the  15 month period as 3.3.2011 as per sec.210(4)