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A Company was incorporated on 05-01-2013 and first financial year closed on 31-03-2014. As per the provisions of Section 166 of the companies act 1956 , company could have held first AGM within 18 months i.e on 04-07-2014. As per section 96 of Companies Act 2013, company can hold AGM within 9 months i.e on or before 31-12-2014. Whether company needs to comply in this case with Companies Act 1956 or Companies Act 2013

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Posted By: Pramod prabhudesai 10 year(s) ago

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Akansha

In this case company need to comply Companies Act, 1956 as caused arise before commencement of new Act. Hence 1st AGM can be held within 18 months from the date of its incorporation.

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Narayanan K J

The Company has to comply with the provisions of the Companies Act, 2013. Accordingly, you can hold AGM on or before 31.12.2014 ie;within 9 months from the closure of first financial year.

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