Question

The Registrar of Companies may grant an extension of time up to a maximum period of ______ for holding Annual General Meeting.

• A. 1 month
  
• B. 3 month
  
• C. 4 month
  
• D. 6 month
  

Answer 1

The correct option is B 3 month

Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders but sometimes the companies feel that it is not possible to hold the Annual General Meeting within the due time period of 6 months from close of Financial Year, the company may apply for extension of date of AGM and the Registrar may, for any special reason, extend the time within which any annual general meeting, other than the first annual general meeting, shall be held, for a period not exceeding three months.

Thus the Correct Answer is B.