07 November 2008
A company X (Private Limited)has failed to hold 1st AGM within 18 months from the date of Incorporation and considerable amount of time has ellapsed. Now the company wishes to hold its 1st AGM.
Is There any other alternative then paying Penality?
Please provide suggestion in detail about Section 166, 167 and other applicable provisions of the companies Act, 1956
CAclubindia
