Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Table of Contents
AGM under companies act stands for Annual General Meeting. An AGM is an interaction between the management and the shareholders of the company. It is a yearly meeting between the Directors and Shareholders of the Company, to discuss the business and to present the company’s annual report.
The Companies Act, 2013 along with the Companies (Management and Administration) Rules, 2014 deals with the Annual General Meeting and it mandates to hold an AGM yearly to discuss yearly results, Auditor’s appointment and other business. Section 96 to 99 of the Companies Act, 2013[1] deals with the provision of AGM under Companies Act.
As per the provisions in section 102 (2) of the Companies Act, 2013, the following businesses may be transacted during an AGM:
Members of AGM have certain rights:
Section 97 of the Companies Act, 2013, if company fails to hold an AGM under section 96 within stipulated time, the Tribunal, may itself or on application by its members or directors ask the AGM to be held.
Who can apply to the Tribunal:
Process to make an application:
Right time to initiate such an application:
As per section 99 of the Companies Act, 2013:
It is now evident that it is necessary to hold an AGM under the companies act once in a year to discuss business. It is one time in a year where management and the shareholders of the company meet. Sections 96 to 99 and 102(2) (a) & (b) of the Companies Act, 2013 deals with provisions of Annual General Meeting.
Read our article: A complete list of Annual Compliance calendar for Listed Companies for FY 2020-21
The Securities and Exchange Board of India has recently, on 21st March 2024, vide circular no S...
Financial management is critical in the dynamic world of construction, where projects differ in...
SEBI issued guidelines regarding the utilization of e-KYC Aadhar Authentication Services in the...
An audit of a charitable trust can be both Voluntary or Compulsory and compulsory, depending on...
The Securities and Exchange Board of India (SEBI) issued a circular to amend the requirements f...
Are you human?: 8 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Introduction Many businesses have been using a popular strategy these days to keep their valuable staff. This strat...
30 Aug, 2023
Industrial sickness can cause a terrible impact on Indian economy. Therefore it’s important to revive sick indust...
13 Sep, 2022
Chat on Whatsapp
Hey I'm Suman. Let's Talk!