Under the Companies Act, 2013, the first annual general meeting of a company (other than a One Person…

Under the first proviso to section 96(1) of the Companies Act, 2013, the first annual general meeting must be held within nine months from the date of closing of the first financial year of the company. If it is so held, no annual general meeting is needed in the year of incorporation. Unlike later meetings, the Registrar cannot extend the time for the first annual general meeting.

Six months from the close of the financial year is the limit for every later annual general meeting. Fifteen months is the maximum gap allowed between two annual general meetings. Eighteen months from incorporation was the limit under the earlier law (formerly section 166 of the Companies Act, 1956).