As a company secretary referring to the provisions of Companies Act, 2013 examine the validity of following propositions: A company wishes to call its annual general meeting on a working day at 6.30 p.m.
CS Executive · Company Law · PYQS · June 2019
As a company secretary referring to the provisions of Companies Act, 2013 examine the validity of following propositions: A company wishes to call its annual general meeting on a working day at 6.30 p.m.
Answer & Explanation:
According to section 96(2) of the Companies Act 2013 , every annual general meeting can be called during business hours, that is, between 9.00a.m. to 6.00p.m. on any day that is not a National Holiday. It should be held either at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated. The Central Government is empowered to exempt any company from these provisions, subject to such conditions as it may impose. In view of the above provisions of the Companies Act, 2013: Annual General Meeting can be held only between 9:00 a.m. to 6:00 p.m, unless exempted by the Central Government.
Topics: General Meetings
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