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2018 (9) TMI 1963 - AT - Companies LawDefault in holding 10th AGM - service of notice for the AGM - HELD THAT:- The Appellant Board has to send its nominee to the Board of Respondent No. 2. It is for the Appellant itself to put its house in order. If it endlessly delays taking steps to ensure that nominee is selected and sent, AGMs of Respondent No. 2 cannot remain suspended. If not already compiled the Orders of NCLT need to be complied urgently. The Appellant may take any suitable steps to get the required directions from the relevant authorities in the Government but the orders as given by NCLT are required to be carried out considering the provisions of the Companies Act which make it necessary for the Company to hold the AGM regularly. Appellant is directed to depute a nominee urgently, as per directions given in the Impugned Order. The directions given by NCLT be implemented by parties. The period of 60 days as mentioned in Impugned Order be calculated from the date of this Order, i.e. 26th September, 2018 - appeal disposed off.
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