Statutory Meaning & Definition
A mandatory meeting of shareholders of a company held every year under Section 96 of Companies Act 2013, within 6 months from close of financial year. AGM considers financial statements, dividend declaration, director appointment, and auditor appointment. Under Section 96(1) of the Companies Act, 2013, the First AGM must be held within 9 months from the closing of the first financial year; subsequent AGMs must be held within 6 months from the closing of the financial year (and not later than 15 months from the previous AGM).
Frequently Asked Questions (FAQs)
What is Annual General Meeting in Indian corporate law?
A mandatory meeting of shareholders of a company held every year under Section 96 of Companies Act 2013, within 6 months from close of financial year. AGM considers financial statements, dividend declaration, director appointment, and auditor appointment. Under Section 96(1) of the Companies Act, 2013, the First AGM must be held within 9 months from the closing of the first financial year; subsequent AGMs must be held within 6 months from the closing of the financial year (and not later than 15 months from the previous AGM).
Why is Annual General Meeting important for compliance?
Annual General Meeting is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Annual General Meeting?
Annual General Meeting is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to MCA:
MCA Overseas Listing Amendment Rules 2026 (G.S.R. 968(E)): Equity Instruments, IFSC Companies and the 75% QIB Route
Published: 5 November 2026
INC-20A Declaration for Commencement of Business: 180-Day Due Date, Fees, Penalty & MCA V3 Filing Guide
Published: 4 November 2026
MSME Form I Half-Yearly Return: Due Dates, Applicability, Section 405(4) Penalty & MCA V3 Filing Steps
Published: 2 November 2026
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