Muthu kumaran

Muthu kumaranReferencer on Venue and Place for holding various Meetings of the company:

Easy referencer for the Venue, Time, Date and Place for holding various Meetings of the company under the Companies Act, 2013 and Secretarial Standards issued by the ICSI in this behalf.

Sl. No Name of the Meeting Time and Date of the Meeting Venue of the Meeting Provisions Prior to SS* Remarks
1. Board Meetings (Including the Adjourned BM) at any time and on any day, excluding a National Holiday At any place Same provisions
2. AGM Shall be called during business hours, i.e., between 9 a.m. and 6 p.m., on a day that is not a National Holiday. Either at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated.

In case of Govt Companies AGM shall be held either at the registered office or such other place as the Central Government may approve in this behalf.

Same provisions Provided in case of Section 8 companies, The time, date and place of each AGM are decided upon before-hand by the board of directors having regard to the directions, if any, given in this regard by the company in its general meeting.

 

If the quorum is not present within half-an-hour, the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine.

3. EGM Shall be called during business hours, i.e., between 9 a.m. and 6 p.m., on a day that is not a National Holiday. At any place within India Anywhere in the World If the quorum is not present within half-an-hour, the meeting shall stand adjourned to the same day in the next week at the same time and place, or to such other date and such other time and place as the Board may determine.
4. General Meeting called by the Requisitionists on a working day At the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated. No concept of Adjournment for want of Quorum.

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Category : Company Law (3347)
Type : Articles (13945)
Tags : Companies Act (1816) Companies Act 2013 (1590)

3 responses to “Referencer on Venue & Place for holding Company Meetings”

  1. Anil Kumar says:

    Interesting. Can secretarial standards restrict the EGM to India when the Act permits it to beheld anywhere in the world?

    • Muthu says:

      yes, there is no provision as to place of holding the EGM under the Act. Hence SS specifically restrict it to within India. Further, there is no conflict between the Act and SS.

      • Anil Kumar says:

        As I said interesting. What essentially is the role of the Secretarial Standards would need a full discussion.

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