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General Meetings (Chapter VII: Management and Administration) :
Sections of Companies Act, 2013 related to General Meetings Discussed in the Article –
Section 96. Annual general meeting
Section 100. Calling of extraordinary general meeting
Section 103. Quorum for meetings
| Sr No | Particulars | 1st AGM | 2nd AGM | EGMs |
| 1 | To be held [1st Proviso to Sec 96(1)] |
Within 9 months from the closing of the 1st financial year for the company | Every year, with in 6 months from the end of the financial year | Can be called whenever the need arise |
| 2 | Gap between 2 AGMs [Sec 96(1)] |
– | Not more than 15 months | Not Applicable |
| 3 | Extension by ROC: [3rd Proviso to Sec 96(1)] |
Not Applicable | Not more than 3 months | Not Applicable |
| 4 | Where [Sec 96(2) & 100(1)] |
– Unlisted company can held its AGM at any place in india if consent is taken in writing or in electronic mode from all of its members in advance | Wholly owned subsidiary of the company incorporated outside india: Any place – no restriction;
Indian company: At any time and any day within India |
|
| – For Unlisted companies other than above and listed companies can held its AGM at their registered office or at some other place within the city, town or village in which registered office of the company is situated | ||||
| 5 | When [Sec 96(2)] | It can be held at any day which is not a national holiday/ Sunday is also included | No Restriction: Any day and any time. |
|
| It can be held between 9 am to 6 am | ||||
| 6 | Who can request for EGM [Sec 100] |
– | – | – Company having Share capital: As on date of request any member who is holding not less then 1/10th of paidup capital carrying voting rights
– Company not having Share capital: As on date of request any member who is holding not less then 1/10th of voting power of all the member |
| 7 | Quorum [Sec. 103] |
For Private Limited Company minimum 2 Members | For Public limited company as follows:
1000 or less members : 5 |
|
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Author Bio
First AGM to be held within 9 months of closing of the First Financial Year. You have written 15 months. I know it is due to inadvertance but your post is being displayed in Google News, please proof read it once before posting, people rely on such articles.