Due date of first agm of the company
This query is : Resolved
19 November 2013
date of incorporation is 25/01/2012 and P&l and Balance sheet filed for the period of 25/01/2012 to 31/03/2013. then what will be the due date of first agm of the said company ?????
19 November 2013
TIME-LIMIT FOR HOLDING THE FIRST ANNUAL GENERAL MEETING
A new company which is registered under the Act, shall hold its first annual general meeting latest within a period of eighteen months from the date of its incorporation, namely, the date on which the Registrar has issued the certificate of incorporation to the company. If the first annual general meeting is so held, it is not necessary for the company to hold another annual general meeting in the year of its incorporation or in the following year. It may also be noted in this connection that the accounts placed before the first annual general meeting shall be for the period beginning from the date of incorporation and ending on a day of financial year, which will not precede the first annual general meeting by more than nine months from the close of the first financial year of the company — section 210(3).
As per this it will be 31.12.2013.
TIME-LIMIT FOR HOLDING THE FIRST ANNUAL GENERAL MEETING
A new company which is registered under the Act, shall hold its first annual general meeting latest within a period of eighteen months from the date of its incorporation, namely, the date on which the Registrar has issued the certificate of incorporation to the company. If the first annual general meeting is so held, it is not necessary for the company to hold another annual general meeting in the year of its incorporation or in the following year. It may also be noted in this connection that the accounts placed before the first annual general meeting shall be for the period beginning from the date of incorporation and ending on a day of financial year, which will not precede the first annual general meeting by more than nine months from the close of the first financial year of the company — section 210(3).
As per this it will be 31.12.2013.
19 November 2013
Dear Ajay Sir,
Just wanted to confirm, given the eighteen months limit, shouldn't the deadline be 21 July 2013. Please confirm.
Just wanted to confirm, given the eighteen months limit, shouldn't the deadline be 21 July 2013. Please confirm.
19 November 2013
the basic provision is for 15 months and it is extendable by registrar to 18 months.
19 November 2013
I will always suggest to give your answer to others to made their first FY maximum to 15 months.
Extention of 3 months is conditioned based and not as a general provision.
So made it as maximum to 15 months.
Extention of 3 months is conditioned based and not as a general provision.
So made it as maximum to 15 months.
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19 November 2013
Dear Tushar....
It is not a basic provision. It is liberty to to company to make their first financial of 15 months in compare to other financial year.
So make the first financial year with in the period of 12 months if possible otherwise make it of 15 months.
It is not a basic provision. It is liberty to to company to make their first financial of 15 months in compare to other financial year.
So make the first financial year with in the period of 12 months if possible otherwise make it of 15 months.
19 November 2013
Ajay Sir,
I also asked a question. Could you please clarify on that too.
"Should not the 18 months limit end on 21 July 2013 in this case"
I also asked a question. Could you please clarify on that too.
"Should not the 18 months limit end on 21 July 2013 in this case"
19 November 2013
There are two qustions. first is your financial year and second is your time period of holding AGM.
So, Financial year:
First you can extend up to 15 months, in normal course it is 12 months.
AGM Period
You can stretched it maximum to 18 months from incorporation and if financial year end on March then maximum to December. .
So, Financial year:
First you can extend up to 15 months, in normal course it is 12 months.
AGM Period
You can stretched it maximum to 18 months from incorporation and if financial year end on March then maximum to December. .
22 November 2013
Yes i agree with your views mishra ji...
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