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DUE DATE FOR AGM

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Gargi Ranade

415 Points Posted on 03 November 2020

We had our previous AGM on 23rd August 2020, We fall under jurisdiction of Mumbai ROC, as per AGM Extension Order of Mumbai ROC what will be the extended date of AGM for us ?

What is allowed GAP between 2 aGM as per ROC Order is it 15+3 or 15 ?

Replies (3)

Quick Summary

This discussion clarifies the due date for Annual General Meetings (AGMs) under the jurisdiction of the Mumbai Registrar of Companies (ROC). It addresses the implications of the AGM Extension Order, specifically concerning the 15-month gap between AGMs and the Registrar's power to grant extensions beyond this period. The conversation also explores scenarios where holding AGMs in consecutive years might affect the 15-month rule and seeks guidance on navigating these situations.

pritesh

delhi

720 Points Posted on 04 November 2020

Only 15 months. date will be 22 nov

Amit

CA Practice

107 Points Posted on 04 November 2020

Third proviso to Section 96(1) provides that the Registrar may, for any special reason, extend the time within which any AGM , shall be held, by a period not exceeding 3 months. It appears to mean that the Registrar may extend the due date of AGM which is earlier of elapse of :

1. 15 months from previous AGM

2. 6 Months from the date of closing of the F Year.

Nowhere it appears to imply that registrar does not has power to extend the AGM beyond 15 months. Even recent orders/circulars of registrar for general extension mention due date. First we have to confirm that what is the due date of AGM. Kindly clarify