ANNUAL GENERAL MEETING

Acc to sec 166(1) Every company in each year in

addition to any other general meeting as it annual general meeting .It means holding an annual general meeting in every calendar year from 1 Jan to 31 dec is a legal necessity and not 12 months from the date of incorporation in the company .2dc

 Presentation of annual accounts P&L a/c and BS

should be presented to board of directors. Declaration of dividend Directors should declare dividend for the shareholder Appointment of auditors of the company for the next financial year are also appointed . Special business Annual general meeting can also be conducted .

 Annual general meeting Subsequent annual general meeting Notice Date ,time &place to hold annual general meeting Postponement

Adjournment
Power to convene an annual general meeting . AGM a statutory requirement Penalty Power of central govt to call annual general meeting (sec

167)

 The first annual general meeting must be held with in

18 months from the date of incorporation .

 A company is required to hold an annual general

meeting each year i.e. one separate and distinct meeting every year

 A public company must give atleast 21 clear days notice

for convening any general meeting including annual general meeting