Amit, CFO of a company has sought your advice on the frequency of holding first as well as second and subsequent annual general meetings. Provide your advice to Amit in light of the relevant provisions of the Companies A

As per section 96 of the Companies Act, 2013, the Annual General Meeting should be held once in each calendar year. First annual general meeting of the company should be held within 9 months from the closing of the first financial year. Hence it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation. Subsequent annual general meeting of the company should be held within 6 months from the date of closing of the relevant financial year. The gap between two annual general meetings shall not exceed 15 months The above mentioned points shall be suggested to Mr. Amit with respect to frequency of holding first as well as second and subsequent annual general meetings.