General meetings

Corporate & Other Laws

Sec 96;If first agm of a company is conducted within 9 months from the date of closing of financial year then the company is not required to conduct agm in its incorporation year. The company has failed to conduct annual general meeting within the time specified above.then how can a company conduct an AGM in the year of its incorporation? 2 point (a)(ii)

B. S. V Subramanyam

CA Inter

★ 50

26-Oct-21 09:42

656

Answers (1)

It will lead to default in complying with Sec 96. (AGM in first FY is not feasible). Penalty provisions will apply.

CA YOGITA HARJANI

Faculty

27-Oct-21 13:33