Approval of Accounts & AGM (URGENT)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2010 Ours is a Pvt Ltd. company. We have taken extension for holding AGM. Now, we will conduct Board Meeting in November 15 for approval of accounts etc and we are planning to conduct AGM on the same day or next day (as there are foreign investors). It is not a problem for us to take the shorter notice consent from shareholders.
Now, my questions are
1. whether is proper way to conduct the AGM?
2.Date on Accounts, DR, AR, AGM Notice can be the same?

Ankur Garg

Ankur Garg (Expert)
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27 October 2010 1. If you are following the shorter notice consent provisions properly then there is no problem. Remember 100% consent required for holding AGM at shorter notice.

2. YES

Date of board meeting approving accounts should be taken as date Accounts, DR, AR, AGM Notice.

Revert if there is any doubt.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2010 Thanks a lot Sir.

Is there any time limit within which shorter notice consent is to be received from the shareholders?

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Ankur Garg

Ankur Garg (Expert)
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27 October 2010 No there is no time limit. But on the date of AGM signed consent should be in your hand.

Regards

Ankur Garg

Ankur Garg (Expert)
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27 October 2010 Download sample shorter notice consent form from the link given below:

https://www.caclubindia.com/forum/download-corporate-law-professional-files-70021.asp

Sooraj Nandan

Sooraj Nandan (Expert)
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28 October 2010 FYKI...

I think a private Company can hold AGM any whereever they wants, if they are obtaining the consent from all the members of the company.(Section 166(2))