Companies Bill 2013 | First Annual General Meeting | AGM | Notice for AGM | Consent for AGM | Quorum

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Companies Bill 2013 | First Annual General Meeting | AGM | Notice for AGM | Consent for AFM | Quorum | New Companies Act 2013 highlights, Companies Act 2013, MCA Ministry Of Corporate Affairs, …

Companies Bill 2013 | First Annual General Meeting | AGM | Notice for AGM | Consent for AFM | Quorum | New Companies Act 2013 highlights, Companies Act 2013, MCA Ministry Of Corporate Affairs, Amendment in Companies Act, 1956,
Company & Corporate Consultancy Firm | Multi-discipline, Full Service International Corporate Law Firms based in New Delhi and Having Association with Foreign Law Firms | We are Reliable, Knowledgeable and Hands-on | Our expertise lies in services involving Company Registration in India, FEMA Matters, Advice on Joint Ventures, LLP Registration, Import Export Code, International Taxation, Management Consultancy and Company due diligence Services etc.

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  • 1. Salient Features of Companies Bill, 2013 Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com
  • 2. Basic Differences Between The Companies Act, 1956 http://www.techcorplegal.com Email us: info@techcorplegal.com The Companies Bill, 2013 Follow Us
  • 3. Main Changes in Annual General Meeting of an Indian Company http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 4. Major Changes ● Maximum time for holding first AGM ● Time and Day ● Length and Mode of Notice ● Consent for Shorter Notice ● Quorum ● Penalty http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 5. Maximum Time For Holding First AGM The Companies Act, 1956 The Companies Bill, 2013 The Act specifies the maximum time The Act specifies the maximum time for for holding Meeting as first “18 Annual months General from incorporation or 9 months from holding Annual General Meeting as “9 Months from closure of accounts” closure of accounts, whichever is earlier” http://www.techcorplegal.com Email us: info@techcorplegal.com first Follow Us
  • 6. Time And Day The Companies Act, 1956 The Companies Bill, 2013 The Act specifies that every annual The Act specifies that every annual general meeting (AGM) shall be general called for a time during Business during Business Hours, that is, Hours, on a day that is not a Public between 9 A.M. and 6 P.M. on any Holiday. day that is not a National Holiday. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us meeting shall be called
  • 7. Length And Mode Of Notice The Companies Act, 1956 The Annual General Meeting shall be The Companies Bill, 2013 ● called for a time during Business Hours, on a day that is not a Public Holiday. 21 days clear notice to be given by all companies. ● Notice may be given in writing or in Electronic Form in the manner prescribed. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 8. Consent For Shorter Notice The Companies Act, 1956 The Companies Bill, 2013 Consent for Shorter Notice is to be Consent for Shorter Notice is to be given by All Members entitled to given by Not Less Than 95% of the vote at the meeting. members entitled to vote at the meeting http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 9. Quorum The Companies Act, 1956 Private Companies - 2 Members Public Companies - 5 Members The Companies Bill, 2013 Private Companies - 2 Members Public Companies ● 5 members where total number of members do not exceed 1000. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 10. Quorum The Companies Bill, 2013 ● 15 Members where Total Number of Members Exceed 1000 but do not Exceed 5000. ● 30 Members where Total Number of Members Exceed 5000 http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 11. Penalty The Companies Act, 1956 The Companies Bill, 2013 Company, and every officer of the Company, and every officer of the company who is in default, shall be company who is in default, shall be punishable with fine which may punishable with fine which may extend to Fifty Thousand Rupees. extend to One Lac http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 12. Penalty The Companies Act, 1956 The Companies Bill, 2013 In the case of a continuing In the case of a continuing default, with a further fine which default, with a further fine which may extend to two thousand five may extend to five thousand hundred rupees for every day rupees for every day after the first after the first during which such during default continues. continues. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us which such default
  • 13. WHO ARE WE ? Company & Corporate Consultancy Firm Our expertise lies in services involving Company Registration in India, FEMA Matters, Advice on Joint Ventures, LLP Registration, Import Export Code, International Taxation, Management Consultancy and Company due diligence Services etc. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
  • 14. WHO ARE WE ? Company & Corporate Consultancy Firm Multi-discipline, Full Service International Corporate Law Firms based in New Delhi and Having Association with Foreign Law Firms We are Reliable, Knowledgeable and Hands-on. http://www.techcorplegal.com Email us: info@techcorplegal.com Follow Us
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  • 18. Thank you Have Any Questions? Get in touch with your Corporate Expert Council !! info(at)techcorplegal(dot)com Follow Us http://www.techcorplegal.com Email us: info@techcorplegal.com