AGM and Annual Returns

AGM and Annual Returns

    About Service
An Annual General Meeting (AGM) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. The law has made it mandatory for a Company to hold an AGM in every Calendar Year. They are required to hold their AGM within a period of six months, from the date of closing of the Financial Year. The primary agenda of an AGM includes approval of financial statements, declaration of dividends, appointment or re-appointment of auditors, appointment and remuneration of directors etc. The Annual General Meeting shall be held during business hours on a day which is not a public holiday and shall take place at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated. Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors etc to the Registrar of Companies. Such compliances are required to be made once in a year.
 Timeline: 3-5 Working days
 Package Inclusions
 Documents Required
 Process Details
 Key Advantages
  • Approval of financial statements
  • Declaration of dividends
  • Appointment or re-appointment of auditors
  • Appointment and remuneration of directors
  • Transparency
  1. What is the purpose of conducting AGM?
    AGM is an annual meeting conducted by the directors and the shareholders of the company. In AGM audited accounts of the company are approved, appointment of auditors and directors are finalized. Besides this other issues are also discussed in AGM such as confirmation of dividends, any issue raised by shareholder etc.
  2. Is AGM mandatory for the company?
    Yes, AGM is mandatory for both public limited and private limited.
  3. When should the first AGM be conducted?
    The first AGM shall be conducted within eighteen months of incorporation of the company.
  4. What is filing of annual returns?
    Filing of audited financial statements in the format prescribed by the Ministry of Corporate Affairs is called the filing of the annual returns of a company.
  5. What is the time limit of filing the returns?
    The returns must be filed within 60 days of the AGM date.

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