Examine the validity of the following statements in respect of Annual General Meeting (AGM) as per the provisions of the Companies Act, 2013: The first AGM of a company shall be held within a period of six months from th
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2022
Examine the validity of the following statements in respect of Annual General Meeting (AGM) as per the provisions of the Companies Act, 2013: The first AGM of a company shall be held within a period of six months from the date of closing of the first financial year.
Answer & Explanation:
According to the proviso to Section 96(1) of the Companies Act, 2013, the first annual general meeting of the company shall be held within a period of nine months from the closing of the first financial year. So, the statement is incorrect .
Topics: Companies Act, 2013
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