Introduction
A meeting of members of the company where annual report is presented for adoption is called the Annual general meeting or AGM and it should not be mistaken with any other type of shareholder’s meeting.
Holding of AGM (sec 96)
Annual general meeting is to be held annually by every company except One Person Company (as it has only one member).
♦ First AGM- within the period of 9 months from the end of first financial year.
♦ Subsequent AGM- within the period of 6 months from the end of each financial year and following secretarial standards.
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