First Annual General Meeting: When it should be held ?
First AGM ( Annual General Meeting )
 |
| First Annual General Meeting |
As per
Companies Act, the Company should hold its First Annual General Meeting within
9 ( Nine ) Months from the date of closing of the Financial Year of the
Company.
If a
private limited company started its operations on 30th September,
2020, when should it file, its Financial Statement ( Balance Sheet Profit &
Loss Account and Cash Flow statement ) ?
If a
Private Company incorporated ( started business/operation ) on 30th
September, 2020, then the Company should hold its first AGM on or before 30th December, 2021
for the Financial Year 01st April, 2020 – 31st March,
2021.
The
Financials of the Company need to be get approved through Shareholders at the
Annual General Meeting
Suppose if
the Company holds it First AGM on 30th December, 2021, then the
Company need to file its Financial Statements in AOC-4 within 30 days of the
AGM, that means, the Company will need to file its Financial Statement (
Balance Sheet, Profit & Loss Account and Cash Flow statement ) on or before
29th January, 2022.
The
Company will also need to file MGT-7 Annual Return within 60 days of the AGM,
that means, the Company will need to file its Annual Return on or before 28th February, 2022.
CS Yogesh Hegde
As a part-time company law consultant, I offer guidance on corporate governance, compliance, and legal strategy. With a deep understanding of company law, I assist organizations in navigating legal complexities, drafting contracts, ensuring compliance, and resolving disputes. I am dedicated to helping businesses thrive while mitigating legal risks. Regards, CS Yogesh Hegde Kalyan | Mumbai