Decent Ltd. was incorporated under the Companies Act, 2013 on 1st January, 2014. The first financial year of the company was closed on 31st March, 2014. Explaining the provisions of the Companies Act, 2013 - State as to

In accordance with the provisions of the Companies Act, 2013 as contained under Section 96(1), the first AGM of the company shall be held within a period of 9 months from the date of closing of the first financial year of the company. If a company holds its first AGM as aforesaid, it shall not be necessary to hold such a meeting in the year of its incorporation. In case of subsequent meetings, AGM shall be held within a period of 6 months, from the date of closing of the financial year. Not more than 15 months shall elapse between the date of one AGM and that of the next. The Registrar may, for any special reason, extend the time within which any AGM, shall be held, by a period not exceeding three months. Registrar, however, can not extend the time for the first AGM. Thus, applying the above provisions in the given case answers to sub-question are : The first AGM of the company should be held within a period of 9 months from the closer of the first financial year of the company. The company should hold the AGM by 31st December, 2014. Any subsequent AGM must be held within a period of 6 months from the close of the financial year i.e. by 30th September, 2015.