company and the first annual general meeting of the company should be held within nine months from the date of closing of its first financial year and in any other case it should be held within six months from the date of closing of its financial year, provided that the Registrar may extend the time limit for holding the annual general meeting other than first meeting by period not exceeding three months.
An annual general meeting (AGM) is a yearly meeting of shareholders of a company to discuss the performance and also to set agendas of the company on the basis of director’s report presented by the directors of the company containing information about the company’s performance.
Basically routine businesses of an AGM are:
1. Review of reports and accounts;
2. Election of directors;
3. Declaration of the final dividend etc.
Every company other than a One Person Company shall hold a general meeting as its annual general meeting every year and note that there should not be interval of more than fifteen months between the dates of two annual general meeting of a
It is not required for the company to hold its annual general meeting in the year of its incorporation if the above conditions are fulfilled.
Note: An unlisted company may call its AGM at any place in India if advanced consent is obtained in writing or by electronic mode by all the members.