05 August 2010
In normal circumstances, such approval is not granted.
At times, it is possible due to certain unforeseen reasons (law & order problem, natural calamity, seizure of records by IT Deptt, etc. force majur reasons; the companies may not be able to hold the annual general meeting. In such circumstances, the Registrar of Companies – for any special reasons – could grant time extension to hold the annual general meeting of the company by a period not exceeding three months.
This provision, however does not apply for the first annual general meeting of the company which is required to be held within a period of not more than eighteen months from the date of its incorporation.
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