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1st agm

abhishek (assistant financial accountant) (40 Points)

21 September 2011

Dear All,

Is there any way out to extend the FIRST AGM for more than 18 months?

IF any, please let me know, urgently...

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4 Replies

jeets (CS ) (461 Points)
Replied 22 September 2011

Hi,

As per section 166

"Provided further that the Registrar may, for any special reason, extend the time within which any annual general meeting (not being the first annual general meeting) shall be held, by a period not exceeding three months."

It clearly means, you can't extend beyond 18 months, in case of first AGM.

What you can do is hold the meeting and adjourn it to a future date.

Thanks,

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Upasna Agarwal A.C.S (Company Secretary) (26 Points)
Replied 15 October 2011

Dear Professonals,

I have to file B/S & P/L of a pvt. Ltd Co. conducting its first AGM.

DOI of the Co. is 14.09.2009. In my openion the due date of AGM was 13.03.2011

Please tell me if am right or not? Moreover , the Company has not covened its AGM before the due date. Now what procedure should be followed to settle the matter and file the B/S & P/L.

Regards.

Srirang Mahabhagwat (Asst. Company Secretary) (341 Points)
Replied 15 November 2011

Dear Upasana,

Your calculation of AGM due date is correct as per the Section 166 of the Act, but if you are closing your financial year on 31.03.2010, as per the Section 210 we need to hold AGM within 9 months of the close of Financial Year that is 31.12.2010

What say????.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 16 November 2011

Originally posted by : Srirang Mahabhagwat
	Dear Upasana, Your calculation of AGM due date is correct as per the Section 166 of the Act, but if you are closing your financial year on 31.03.2010, as per the Section 210 we need to hold AGM within 9 months of the close of Financial Year that is 31.12.2010.