X was appointed as additional director in Feb 2011 and Agm was due by sep 2011. agm was not conducted. now company is planning AGM in Marcg 2012. pls advise legal implication for the company.
2 Replies
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 26 February 2012
Hi
X is appointed as additional director to hold office till the AGM, but you can regularize him before the AGM at any general meeting. If you are conducting AGM for regularization then there is no need, only call a simple general Meeting.
Regards
Anupama
(Articled assisstant)
(35 Points)
Replied 04 December 2012
Sir,
What are the implications in case meetings are not being conducted, but only minutes are being maintained just for compliance with the law?
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