Dear experts,
Please clear my doubt regarding holding general meeting or even board meeting in the registered office . Can any company hold their meetings (GM or BR) in the corporate office.
Basically registered office is the main office where all the official transactions and legal notifications are sent- while corporate office is the place where the executives sit.
Is it legally permissible to hold BM in the corporate office.
regards,
tanveer md masood.
BM can be held at any place even other than registered or corporate office. AGM has to be held at the registered office or within the city, town or village in which the registered office is situated.
| Originally posted by : Rakesh Dhanuka | ||
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BM can be held at any place even other than registered or corporate office. AGM has to be held at the registered office or within the city, town or village in which the registered office is situated. |
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Annual General Meeting:
Private Limited Company: Annual general meeting of private limited co.’s can be held anywhere in the world [note the word "place" in Sec. 166(2)(b)]
Public Limited Company: The meeting as to be held in the registered office or at any place in the city, town or village where the registered office is situated. [refer section 166(2)]
Government Company: The meeting can to be held in the registered office or at any place in the city, town or village where the registered office is situated or at any other place approved by the central government. (refer notification no. S.O. 591(E) dated 17th Mar 2011)
Board Meeting:
If 301 register is to be updated: The board meeting can be held only at the registered office of the company. [refer sec 301(5)]
If 301 register is not required to be updated: The board meeting can be held at any place in the world provided that the articles of association as not specified a particular place.
Hope my reply serves your requirement.
Companies Act defines that AGM is to be held in registered office
It means any meeting other than AGM can be held at any place
Thanks all experts and professionals
What I made out from your views is the fact that AGM can only be held at the registered office or at any other place , town or village where the registered office is situated - this in case of private limited company while bm can be led any where .
regards,,
Tanveer Md Masood
calcutta.
CAclubindia
