26/09/2022
Annual General Meeting (‘AGM’) is the meeting of shareholders of the company where important decisions like approval of accounts, declaration of dividend, appointment of auditor and directors, etc are taken. Every company* needs to mandatorily hold AGM. Every company has to report the date of holding its Annual General Meeting in MGT-7/MGT-7A but only few prescribed companies have to file a detailed report of the proceedings of its Annual General Meeting.
Pursuant to Section 121 of the Companies Act, 2013 read with Rule 31 of the Companies (Management and Administration) Rules, 2014, public listed companies need to prepare this report on its Annual General Meeting and file it with the Registrar within the prescribed time.
*OPCs are not required to hold an AGM
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