Procedure to apply for extension of the time period for holding the Annual General Meeting of a Company (With relevant formats)
As per the provisions of Section 96 of the Companies Act, 2013, every Company, except a One Person Company, needs to hold its Annual General Meeting ("AGM") for a financial year within a period of 6 months from the date of closing of the financial year subject to a maximum gap of 15 months between two consecutive AGMs. Note: It may be noted that the First Annual General Meeting can be held within a period of 9 months from the date of closing of the financial year. However, circumstances may arise that necessitates a Company to delay holding its Annual General Meeting for a specific financial year. Taking this into consideration, proviso to Section 96 states that "the Registrar may, for any special reason, extend the time within which any annual general meeting, other than the first annual general meeting, shall be held, by a period not exceeding three months." Thus, adequate provisions are in place so as to facilitate companies to apply for an extension of the tim