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Sec 96

18 August 2021

Provided further that] the Central Government may exempt any company from the provisions of this sub-section subject to such conditions as it may impose.

kya iska matlab yah hai ki Central Government jo time limit hota hai AGM ka which is 15 months and 9 months to CG kabhi bhi kra sakta hai? Not single conditions need to be satisfy in this case in case of any company other than Govt company?

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 18 August 2021

Central Government can any time change it's laws

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CS Divesh Goyal (Practicing Compnay Secretary) (50535 Points)
Replied 18 August 2021

No, it is not like that. Central Government cant change any time. Its required permission from Both house of Parliaments to change law.

CS Divesh Goyal (Practicing Compnay Secretary) (50535 Points)
Replied 18 August 2021

Further, your question is that, bcoz of this proviso, condition of 9 month and 15 month can be escaped. Then answer is no.

CS Divesh Goyal (Practicing Compnay Secretary) (50535 Points)
Replied 18 August 2021

This provisions is talking about sub section 2, not sub section 1

[(2) Every annual general meeting shall be called during business hours, that is, between 9 a.m. and 6 p.m. on any day that is not a National Holiday and shall be held either at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situate:

⁴[Provided that annual general meeting of an unlisted company may be held at any place in India if consent is given in writing or by electronic mode by all the members in advance:

Provided further that] the Central Government may exempt any company from the provisions of this sub-section subject to such conditions as it may impose.