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2017 (8) TMI 133 - NATIONAL COMPANY LAW TRIBUNAL AHMEDABADPowers conferred u/s 97 of the Companies Act, 2013 - holding of Annual General Meeting - Held that:- As per the provisions of Section 97 of Companies Act, the Tribunal is enshrined with the power to call the Annual General Meeting Thus we hereby consider that this is a fit case to exercise the powers conferred u/s 97 of the Companies Act, 2013. It is hereby directed that the Annual General Meeting should now be held within 30 days on receipt of this Order as prescribed under the Statute. A compliance report thereafter should also be submitted to the concerned RoC. It is paramount as well as the intension of the Companies Act to protect the functioning as well as the interest of the Company. Therefore, it is always desirable to convene and call all the meetings as prescribed under the Act so that the Company should not infringe the provisions of the Act or to be treated in default. Holding of AGM is a statutory obligation.
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