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Hold of AGM .

Anjali Kolse (103 Points)

01 April 2018

Is it Pvt company not mandatory to hold AGM ?

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8 Replies

sonuray (CA) (23 Points)
Replied 01 April 2018

AGM is mandatory for private company.

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Sana Sultana Mussu (Student) (5119 Points)
Replied 01 April 2018

As per section 96 of the companies act, 2013 every company (other than OPC) must hold in each year a general meeting in addition to any other meeting as its annual general meeting(AGM)..

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sonuray (CA) (23 Points)
Replied 01 April 2018

AGM must be held within the 6 months from the end of financial year during business hour not in public holiday.

2 Like

Jatin Bajaj (CS) (2930 Points)
Replied 02 April 2018

As per the provisions of section 96 of the Companies Act 2013, every Company in each year shall hold the meeting called Annual General Meeting. The Annual General Meeting of a newly incorporated Company shall be held within 9 months from the closure of financial year. and thereaafter within 6 months from closure of financial year. The time lag between 2 AGM shall not exceed 15 months.

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