Regarding holding the AGM.

This query is : Resolved

Guest

Guest (Querist)

28 May 2010 Dear Experts,

ABC Private Limited is based in Mumbai.

The company has two directors and no employees.

The two directors are in Hyderabd only.

Query :

How the company will comply with the holding of AGM, as it a mandatory requirement as per the Act ?

Experts may guide on the matter.

CA Shiv

CA Shiv (Expert)
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28 May 2010 legally yes.... practically AGM is only on the paper for such type of company... depends upon your auditor.. does he ask for minutes and attendance and alll....

NEHA SARAF (Mcom, CA , CS)

NEHA SARAF (Mcom, CA , CS) (Expert)
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28 May 2010 Agreed

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CS Jithesh (ACS,)

CS Jithesh (ACS,) (Expert)
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29 May 2010 For Small companies, it is absolutely correct. I think most of the Auditors will also agree for the same as there is no employees and productional activties carried out during the year

CS Jithesh (ACS,)

CS Jithesh (ACS,) (Expert)
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29 May 2010