Alpha Numeric Control Systems is a listed public company with Registered Office at Mumbai. The company has 5500 shareholders, examine the validity in the following: To conduct the next Annual General Meeting (AGM) of the

According to Section 96 read with Secretarial Standard-2(SS-2), the Annual General Meeting (AGM) of the listed company needs to be conducted at the village/town/city where the Registered Office of the company is located. However, the Central Government may exempt any company from the provisions of section 96(2) subject to such conditions as it may impose. Unless the company has obtained exemption from the Central Government, the action of the company of holding the AGM in Kolkata is not valid.