Lex comply

    Notice Received For Gap Of More Than 15 Months Between Two AGM

    Posted By : damini / Published on : 12-Nov-2019 12:22 PM / View : 221 / Comment : 0
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    DEAR MEMBERS,

    DIRECTOR OF ONE PRIVATE COMPANY HAS RECEIVED SHOW CAUSE NOTICE UNDER SECTION 99 FOR THE CONTRAVENTION OF SECTION 96 OF THE COMPANIES ACT, 2013. AS AGM OF F.Y.2015-16 WAS HELD DURING JUNE,2016 AND THAT OF F.Y.2016-17 WAS HELD ON SEPTEMBER,2017. GAP BETWEEN TWO AGM IS 15 MONTHS AND 7 DAYS.

    IT IS SMALL CLOSELY HELD COMPANY HAVING 2 DIRECTORS AS SHAREHOLDERS AND MOREOVER IS NOT CARRYING ANY MAJOR BUSINESS ACTIVITIES. CAN ANYONE ADVISE HOW TO REVERT FOR THE SAME.AND WHAT ARE THE CONSEQUENCES FOR THIS NON COMPLIANCE?
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