Nidhi Jain (CS ) (987 Points)
14 January 2011Can any one tell me how to count 18 months period for AGM:
Date of Incorporation - 27.12.2007
Due date of First AGM - 26.08.2009
(I have read this at caclub and various experts recommed it, but according to mine Due date fall on 26.06.2009)
sonali laha
(CS student)
(136 Points)
Replied 14 January 2011
i think u r right...from date of incorporation it should be counted the 18months...plz check xperts recommendatin...
Sonam Bidasaria
(CA)
(770 Points)
Replied 14 January 2011
First proviso of Sec 166(1) reads as under:
"a company may hold its first annual general meeting within a period of not more
than eighteen months from the date of its incorporation; and if such general meeting is held within
that period, it shall not be necessary for the company to hold any annual general meeting in the
year of its incorporation or in the following year"
U r absolutely right
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 14 January 2011
Yes, it should be 26.06.2009
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 14 January 2011
Furthermore, also keep in view the provisions of section 210.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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