Rashmi Rajgarhia (Employee) (50 Points)
23 February 2015If a company is incorporated on 20.02. 2013, what should have been the last date by which it should have held its first agm?
Is it as per provisions of old or new companies act?
Also, does circular 8/2014 play a deciding role for determining the date of first agm in this regard?
A copy of the circular has been attached for your reference.
Thanks to all . It is requested to support your answer with authentic source wherever possible.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 24 February 2015
The answer will depend upon the decision taken by the Board about first financial year of the company. You may refer my article on the subject under CA 1956:
/articles/first-financial-year-of-a-company-and-the-first-agm-issues-involved-15630.asp#.VOwEdXyUcs8
Rashmi Rajgarhia
(Employee)
(50 Points)
Replied 24 February 2015
Sir
I thank you for replying.
I would like to mention that the f.y for the co ends on 31.03.2014. i.e first accounts was prepared for the period 20.02.2013 - 31.03.2014
With this information read with my initial query, what shall be your opinion.
Regards
CAclubindia
