Companies' AGMs Governed by Section 166, Extensions Possible Without Penalties if Annual Return Filed Timely.

The circular clarifies that the timing for holding a company's annual general meeting is governed solely by section 166, without direct relation to the financial year as per section 210. Although section 166 sets the timeframe, companies may receive extensions from the Registrar for practical reasons, even if the meeting extends beyond six months after the financial year-end. The Registrar should not penalize companies if they comply with section 166, even if the meeting occurs after this period, provided the annual return is filed within 42 days. This approach aims to facilitate company operations and ensure administrative efficiency.

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