1.Under Section 25 whether shareholder direction is required or not for holding AGM ?
2. At what point of time Board should decide and intimate ?
CA Pallav Singhania
(IT System Auditor)
(33262 Points)
Replied 26 November 2011
U/S 25...Co. Lincensed as Not For Profit Organisation...
In case of 21 days 14 days notice is sufficient for the AGM...
and 2 meetings instead of 4 meetings in a calendar year..
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 26 November 2011
Companies licensed under Section 25 are exempt from the above provisions provided that the time, date and place of each annual general meeting are decided upon beforehand by the Board of Directors having regard to the directions, if any, given in this regard by the company in general meeting.
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