Agm List
annual general meeting
annual general meeting list
Annual General Meetings
Get the details you need for Annual General Meetings in one place.
| Company Name | Company Code | ISIN | Note | Meeting Date |
|---|
What is the Annual General Meeting?
As the name suggests, it is the annual meeting between management and shareholders of the company. At an AGM, the company’s management discusses certain business decisions, such as the company’s financials, auditor’s appointment, selection of directors, etc., with the shareholders.
The businesses discussed at an AGM can be related to ordinary or special business. Any business that is not an ordinary business can be classified as Special Business, such as modification in Articles of Association on urgent basis can be classified as a special business in AGM. However, every business transacted in EGM is a special business.
Did you know?
Companies failing to hold AGM in a stipulated period are liable to pay a fine under Section 99 of the Companies Act, 2013. The fine can extend to one lakh rupees, and in case of continuing default, it can further extend to INR 5,000 per day.
Section 96 of the Companies Act, 2013 governs provisions related to an Annual General Meeting. All companies except one person companies in India are expected to conduct an AGM every year. The meeting must be held within 6 months from the closing of the financial year. Further, the maximum permissible gap in two Annual General Meetings is 15 months.
The company must give notice at least 21 days to the members informing them about the date, time, and venue of the meeting. The meeting can be held physically or via Video Conferencing (VC) / Other Audio Visual Means (OAVM).
For newly incorporated companies, relaxation is provided where they can conduct an AGM within 9 months from the end of the first financial year. For example, if a company is incorporated on 15 December 2023, the end date of the first financial year is 31 March 2024, which means the company must conduct an AGM by 31 December 2024.
Further, the company is required to file Form MGT-15 within 30 days from the date of the AGM, which contains a summary of all the resolutions passed in the meeting.
Agenda of an AGM
There are various business decisions or matters discussed in an AGM, such as:
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Approval of the minutes of previous Annual General Meeting.
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Adoption of Auditors’ Report, Board of Directors’ Report, and Audited Financial Statements of the company.
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Auditor’s appointment and their remuneration.
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Declaration of Dividend, if any.
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Appointment of Directors.
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Other decisions such as remuneration of top management, corporate governance report, etc.
Quorum for an AGM
Quorum means a minimum number of members required in a meeting without which a meeting cannot be conducted.
| Total Members | Minimum Requirement (Personally Present) |
|---|---|
| Less than 1000 | 5 |
| More than 1000 but less than 5000 | 15 |
| More than 5000 | 30 |
For private companies, the AGM attendance requirement is limited to two members. A private company can modify its Articles of Association to increase the Quorum, but cannot reduce below two.
