is there any rule about maximum gap of bm and agm.
if the bm hold on 20-06-2018 then agm can be hold on 30- 09-2018? please guide?
Every company shall hold minimum 4(four) board meetings each year. Here "year" means calendar year (from January to December) and not financial year of the company. Gap between Two consecutive board meetings: not more than 120 days. Companies act 2013: This provision is prescribed under section 173(1).
Under section 166 of the Companies Act 1956, there is no provision for holding 2nd or subsequent AGM but in the new provision under section 96 of the Companies Act 2013 the time limit for such AGM has been fixed to be held with in a period of six months from the end of financial year.
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