{"id":11946,"count":1,"description":"<h2 data-pm-slice=\"1 1 []\">When should a newly incorporated company hold its first AGM?<\/h2>\r\nA newly incorporated company may not have to hold an AGM immediately after incorporation. Section 96 of the Companies Act, 2013 provides a separate timeline for the first AGM.\r\n\r\nThe first AGM must be held within nine months from the close of the company's first financial year.\r\n\r\nFor example, if a company is incorporated during the financial year ending 31 March 2026 and its first financial year closes on that date, its first AGM would ordinarily be due by 31 December 2026.\r\n\r\nThe company's actual first financial-year closing date should be verified before calculating the deadline.\r\n<h2>Does a new company need to hold an AGM in its incorporation year?<\/h2>\r\nIf the company holds its first AGM within the permitted period, it is not necessary to hold another AGM in the calendar year of incorporation.\r\n\r\nThis provision recognises that a company incorporated late in a financial year may have a longer period before its first AGM.\r\n<h2>What should the company prepare?<\/h2>\r\nThe company should prepare the financial statements for its first financial year, arrange the audit where required, prepare the Board's report and identify the business to be transacted.\r\n\r\nIt should also review its Articles of Association, shareholder information, notice requirements and quorum.\r\n\r\nThe fact that the company has not started operations or generated revenue does not automatically remove its AGM obligation.\r\n<h2>What happens after the first AGM?<\/h2>\r\nThe company must complete the applicable post-AGM compliance, including filing financial statements and its annual return within the relevant statutory timelines.\r\n\r\nAOC-4 is generally due within 30 days of the AGM under Section 137, while the annual return is generally due within 60 days under Section 92.\r\n\r\nThe company should confirm the applicable forms and filing requirements for its category.\r\n\r\n<strong>Conclusion:<\/strong> New companies should plan their first AGM from the first financial-year closing date, not simply from the date of incorporation.","link":"https:\/\/filingpoint.com\/consultants\/india\/first-agm-of-a-newly-incorporated-company-rules-and-timeline\/","name":"First AGM of a Newly Incorporated Company: Rules and Timeline","slug":"first-agm-of-a-newly-incorporated-company-rules-and-timeline","taxonomy":"post_tag","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6.1 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>First AGM of a Newly Incorporated Company: Rules and Timeline - Best Company Registration | Tax Filing Services in Chennai, India<\/title>\n<meta name=\"description\" content=\"Call Filing Point 72999-72500. 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