Every company other than one person company must hold an Annual General Meeting once a year.
Annual General Meeting is held to review the working of the company during the previous financial year and take an effective decision for the next year.
It is mainly called to approve Annual Report, Auditor Report, Annual Accounts, to declare a dividend, to elect Directors, Auditors and to transact special business, if any.
First AGM shall be held within 9 months of the closing of the first financial year of the company.
The time interval between two Annual General Meetings should not be more than 15 months.
If the default is made in holding AGM then the company and every officer of the company in default are punishable with a fine which may extend up to ₹ 1,00,000 and up to ₹ 5,000 per day till default continues.
i. The quorum for less than 1000 members is 5 members.
ii. The quorum for more than 5000 members is 30 members.
iii. The quorum for 2500 members is 15 members.
i. First Annual General Meeting must be held within Nine (9) months of the closing of its financial year.
ii. Annual General Meeting should be held at the registered office or at some other...
i. No, the company cannot call the next Annual General Meeting immediately to remove the director.
ii. Extra Ordinary General Meeting should be called to discuss removal of the director.
iii. A resolution requiring special notice...
Quorum is a minimum number of members to be present for a valid Meeting.
As per the Companies Act, 2013, the quorum for the Annual General Meeting of a public company...
The Board of Directors is the authority to convene general meetings.
The notice must be given 21 clear days before the meeting to all those who are entitled to receive it.
The...
Quorum is a minimum number of members to be present for a valid meeting.
As per the Companies Act, 2013, the quorum for the Annual General Meeting of a public company...
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