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. NoName of the MeetingTime and Date of the MeetingVenue of the MeetingProvisions Prior to SS*Remarks
1.Board Meetings (Including the Adjourned BM)at any time and on any day, excluding a National HolidayAt any placeSame provisions
2.AGMShall 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 provisionsProvided 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.EGMShall 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 IndiaAnywhere in the WorldIf 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 Requisitionistson a working dayAt 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.

Posted Under

Category : Company Law (2996)
Type : Articles (10773)
Tags : Companies Act (1523) Companies Act 2013 (1277)
  • Anil Kumar

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

    • Muthu

      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

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