Adjourned agm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2014
Sir,
The co. had conducted its agm on 30th sept but due to want of quorum the agm got adjourned. Till today the co. has not conducted its AGM and not even file its Forms 23 AC & ACA & 20B. Could you pleasa tel the penalties for the same ?

Hemant Kumar

Hemant Kumar (Expert)
Follow

15 January 2014 In the case there is any difficulty in holding any annual general meeting (except the first annual meeting), the Registrar may, for any special reasons shown, grant an extension of time for holding the meeting by a period not exceeding 3 months provided the application for the purpose is made before the due date of the annual general meeting. Generally delay in the completion of the audit of the annual accounts of the company is not treated as “special reason” for granting extension of time for holding its annual general meeting. In such circumstances, an AGM is convened and held at the proper time and all matters other than the accounts are discussed. All other resolutions are passed and the meeting is adjourned to a later date for discussing the final accounts of the company. However, the adjourned meeting must be held before the last day of holding the AGM

Message likes : 1 times

Hemant Kumar

Hemant Kumar (Expert)
Follow

15 January 2014 For more details go through following link.

http://rna-cs.com/annual-general-meeting-and-consequences-of-default-in-holding-annual-general-meeting

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2014 Sir,could you please tell me he procedure for compounding?