Question on agm

419 views 3 replies

Urvashi

Trainee

74 Points Joined March 2013

Dear Sir,

Due to Dispute & Court case between directors, My company not able to finalize Financial Statements & Hold AGM within Time Limit prescribed in Sec 166 & 210 for the Financial Year ended 2011-12.

Now the Court case has been settled & Managing Director has vacated his office in Dec 2012.New MD has been appointed.

Please provide the solution of below Points.

1. Who can sign Annual Accounts at present?
2. How we can hold AGM because AGM not held in time.?
3. Any Intimation to ROC required or not?
4. Any other Consequences like Penalty etc?

Thanks & Regards

Replies (3)

as per my view , u should hold the agm after that time period, pay penalty , file form to roc , and signed by present director. because if you not hold agm then voilation is increse simultaneously , so hold the agm then solve this matter , if u nt hold than voilation will increase