Examine the validity of the following statements in respect of Annual General Meeting (AGM) as per the provisions of the Companies Act, 2013: The AGM can be held on Saturday, however, the Company runs business for 5 days
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 AGM can be held on Saturday, however, the Company runs business for 5 days in a week i.e. Monday to Friday.
Answer & Explanation:
As per Section 96(2), the Annual General Meeting shall be called during the business hours between 9 a.m. and 6 p.m. on any day is not a National Holiday. So the Annual General Meeting of the Company can be held on Saturday.
Topics: Companies Act, 2013
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