Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

AGM

ksubashinee (Excutive) (29 Points)

21 July 2009

can a agm be held without any director

Reply
Follow
Share

4 Replies

Ajay Mishra (Company Secretary) (74337 Points)
Replied 21 July 2009

Dear Ksubashinee

Yes, if your company article permit you can held AGM without presence of any Director.

Article 52 of Schedule I Table A says that if at, any meeting no director is willing to act as chairman or if no director is present within fifteen minutes after the time appointed for holding the meeting the members present shall choose one of their number to be the chairman of the meeting.

It means u can hold the AGM without any director.

Views of other experts solicited,

Regards

Upgrade to CAclubindia Pro. Subscribe Now!

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 22 July 2009

Yes it is very much possible...

Malav Shah (Company Secretary and AVP Legal) (171 Points)
Replied 22 July 2009

Yes, an AGM can be held without the Director. However, practically directors have to be present so that they answer the questions of the shareholders about the working of the Company.

Regards

Malav Shah