05 June 2009
As per the Co. Act it is mandatory to hold the AGM in the city where the Registered office of the Company is situated. But if due to circumstances a company want these two things in two different cities then is there any way.
Apparently it is not possible to hold AGM in violation of the language of Section 166(2). But read the text below. It May be of some help to you. ------------------------------------------------------------- As per section 166(2) AGM shall be held at the regd. Office or at some other place within the city, town or village where the regd. Office of the company is situated.
Due to rapid urbanization the municipal limit of certain cities and town tend to be extended and in that case the municipal limits, which are followed in the Companies Act, 1956 and the postal limits may not coinside.
The DCA have recognized this contingency and have advised vide circular latter No. 1/1/80-CL. V and No. 6/159/PT/64, dated 16.02.1981 that a company can hold its AGM with in the postal limits of the city in which the regd office is situated if it is more convenient to its shareholders.
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