Normally, gathering of two or more persons means Meeting. If we stick to our topic, the companies running their business throughout the year by the management of the company, by the fund i.e. capital provided by members of the company initially. Therefore it becomes a right of members to be regularly updated about the working of the company and how it is performing, whether company is abiding by law, whether company is making profits or not and other important aspects to be disclosed to them by the management if not on detailed basis but atleast in summarized basis.
Hence, Annual General Meeting can be said as meeting which is held yearly for members of the company which discloses functioning of the company all over the previous Financial Year in details in quantitative and qualitative aspects. Section 96 of The Companies act, 2013 read with The Companies (Management and Administration) Rules, 2014 deals with the convening of Annual General Meeting. Now let us go through important points for convening of Annual General Meeting:-
Read more on: https://taxguru.in/company-law/annual-general-meeting-companies-act-2013.html
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