Companies Act Provisions

EXTENSION OF ANNUAL GENERAL MEETING (SECTION 96 OF THE COMPANIES ACT, 2013) INTRODUCTION Every company other than a One Person Company shall in each year hold an Annual General Meeting of the members of the Company in addition to any other meetings. TIME PERIOD The first Annual General Meeting shall be held within a period of 9 months from the date of closing of the first financial year of the company and then after every subsequent AGM shall be held within a period of 6 months from the date of closing of the financial year. The gap between the two AGM shall not be more than 15 months. Please note that it is not necessary to hold AGM in the year of Incorporation of the Company. Means if company is incorporated on or after 1 st January then AGM can be conducted next year. TIME AND PLACE FOR HOLDING AGM Every Annual General Meeting shall be called during business hours, that is, between 9 a.m. and 6 p.m. on any day that is not a National Holiday and shall be h...

NOTE ON XBRL FILING {Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015} INTRODUCTION As per section 137 of the Companies Act, 2013, every Company is required to file its financial statements along with consolidated financial statements, if applicable, to the Registrar within 30 days of Annual General Meeting or due date of Annual General Meeting, whichever is earlier. But there are certain class of Companies as prescribed by the Central Government which are mandatorily required to file their financial statement in Extensible Business Reporting Language (XBRL) format. The XBRL means a standardised language for communication in electronic form to express, report or file financial information by companies. WHO SHALL FILE IN XBRL FORMAT The following class of companies shall file their financial statement along with consolidated financial statements, if applicable, and other documents under section 137 of the ...