First AGM

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C.S. CHANDANI SARUPARIA (Querist)

27 September 2010 Is there any time gap required to be maintained between the date when financial accounts are prepared i.e. 31st march and date of AGM in acse of first AGM. our co was incorporated in nov and accounts till 31.03.2010 are finalised. when can we hold its AGM.

Aditya Maheshwari

Aditya Maheshwari (Expert)

27 September 2010 AGM should be held within 18 months of the incorporation. So it can be held till April 2011.

Aditya Maheshwari

Aditya Maheshwari (Expert)

27 September 2010 The answer would still remain the same.

First AGM to be held within 18 months. In that present the accounts for year ended.

Ankur Garg

Ankur Garg (Expert)

27 September 2010 Your company incorporated in Nov 2009 and according to you your first FY ended on March 2010.

Last date for holding your AGM would be December 31, 2010 in accordance with section 210 read with section 166.

Regards

Aditya Maheshwari

Aditya Maheshwari (Expert)

27 September 2010 forget to refer Section 210(3)(a) which states as under:
(a) in the case of the first annual general meeting of the company, to the period beginning with the incorporation of the company and ending with a day which shall not precede the day of the meeting by more than nine months;

So last date is 31st December, 2010 and not April 2010.

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