AGM to be held outside India for the conveinence of share ho

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ushacd (Querist)
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01 April 2009
Company has only Two Share holders who are non resident Indians.
Can the First AGM be held out side India for the conveinence of share holders
If not what is the other option.
Can they make a joint holder in India
What is the procedure for the same

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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01 April 2009
I draw your kind attention to Section 166(2) of the Compaines act wherein it is clearly mentioned that AGM should be conducted at the registered office or city in which registered office is located.
Therefore you cannot conduct agm outside india.

However you appoint a indian proxy for each person seperately and based on that you conduct the agm.