Dear Professional Colleagues,
In exercise of the powers conferred by sub-section (1) of section 620 of the Companies Act, 1956 the Central Government has made the amendments in the provisions for the place for the holding of AGM under section 166(2) as under:
The earlier notification of the Government of India in this behalf vide notification number S.R.O. 355, dated 17 January, 1957 has been further amended by replacing the words "such other place as the Central Government may approve in this behalf', by the words :
"some other place within the city, town or village in which the registered office of the company is situate or such other place as the Central Government may approve in this behalf"
Accordingly, under section 166(2): Every annual general meeting shall be called for a time during business hours, on a day that is not a public holiday, and shall be held either at the registered office of the Company or "some other place within the city, town or village in which the registered office of the company is situate or such other place as the Central Government may approve in this behalf"
Therefore, now with the permission of Central Government the AGM may be called at any place.
Detailed notification attached herewith for your perusal.
CAclubindia
