Discussion on Power of NCLT for Granting Extension of AGM
Pursuant to provisions of section 96(1) of the Companies Act, 2013 (hereinafter referred to as ‘2013 Act’) every company has to conduct an Annual General Meeting (AGM) every year. The timeline or due date to conduct such AGM depends upon the type of AGM the Company is conducting. As per Section 96(1), the first AGM of the Company shall be conducted within 9 months from the closure of the first financial year and subsequent AGM shall happen within a period of 6 months from the closure of the financial year.
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