Justify the following statement :

Explain the reasons for not holding Annual General Meeting by a company on time.


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Reasons for not holding Annual General Meeting on time:

  • Directors traveling abroad, so cannot attend Annual General Meeting. 
  • Employees Strike in a company. 
  • A raid by Income Tax Department.
  • Annual Financial statement not approved or not audited or incomplete audit or loss of financial data due to natural calamity.
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