dear all friends is it possible to be held Two AGM on a Single day if yes/no please provide any case on this topic in briefly
Thanksssssssss.
9 Replies
CA Trinath Galla
(student)
(3130 Points)
Replied 30 October 2009
yes can be held.
but the second AGM should be conducted only after the conclusion of the first AGM.
think there is a case law, but i don rem it.
if any one have knowledge of it, pls specify.
quote me if am wrong...
CA.Shaleen Srivastava
(CA , CWA*, Bcom(H))
(2004 Points)
Replied 30 October 2009
i think also but no case rem
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 30 October 2009
you are right......... Trinath........ but as per sec. 166, the AGM must be held every year,,, so can an AGM be held twice in a year, one of previous year and one in next year? ........
Ankur Garg
(Company Secretary and Compliance Officer)
(114778 Points)
Replied 30 October 2009
YES.
2 AGM on a single day is possible.
Please find attach my file and check page Number 2.
Regards
Attached File : 42 company law notes my best file.pdf downloaded: 266 times
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 31 October 2009
I agree with Ankur Sir that two AGm's can be held on a single day.Sir I also went through the second page of your note, which says that single notice is sufficient for the 2 AGM's. However Ramaiya Part 1says that
"There is no provision in the Act prohibiting the holding of two AGMs on the same day.If the AOA do not vontain any provision then AGM for the current year and also for the previous year can be held on teh same day. There should, however, be separate notices for each meeting and they should be held at different timings"
Sir please through some light on the matter.
Regards
Priya Sharma
Thanks in advance!!!!!!
CS Final Student
Ankur Garg
(Company Secretary and Compliance Officer)
(114778 Points)
Replied 31 October 2009
Hi Priya,
Agree with your views.
Different timing of AGM is quite obvious. Regarding single notice of AGM I would prefer 2 separate notices. However you may dispatch both the notices in the single envelop.
Regards
Priya Sharma
(Company Secretary & Student.MBA)
(998 Points)
Replied 31 October 2009
Thank You very much Sir
Regards
Priya Sharma
CS Final Student
Arvind Sharma
(ACA)
(1432 Points)
Replied 04 November 2009
I am not agree with all above answer....
As per my views, an AGM can be held once in a year only... because the general meaning of Annual General Meeting is that a meeting other than other meetings held once in a year within six months from the end of financial year.
But the company may held another general meeting during same day in business hours, but that another meeting shall be termed "Extraordinary General Meeting", not AGM...
I hope you all are getting my point....
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