Saksham Garg (Article Assistant ) (115 Points)
13 July 2019What will be the date of AGM of Companies Incorporated on 21.12.2018 and 12.3.2019?
hashim hilali
(24 Points)
Replied 14 July 2019
kapil gupta
(217 Points)
Replied 14 July 2019
Hello saksham
First things first I think you should know the ending date of financial year in different cases
As per Sec 2(41) of CA,2013 a company incorporated on or before 31st of December of any financial year shall have its financial year end on 31st day of march of same financial year.
However, if it is incorporated on or after 1st day of january shall have its financial year ending on 31st day of march of following financial year.
And talking about most stringent time limit as provided in Companies Act,2013 i.e without taking CG extension is 6 months from the end of financial year.
Answering to your question- In the first case, as company is incorporated before 31st dec shall have its financial year end on 31st march, 2019 and from there 30th september,2019 is the last date for convening AGM of company.
AND, in the second case, incorprated on or after 1st day of jan shall have its fin. year ending on 31st march,2020 and such company needed to convene its AGM on or before 30th sep,2020
Hope this will satisfy your query.
Thanks
CAclubindia
