RE: AGM9 Jun 2023 11:54
Reasons for seeking extension of AGM
Some reasons for extension of AGM are:
Mergers & acquisitions
Delay in finalizing the Financials
Delay in audit reports due to non-availability of auditors because of resignation, death, incapacity to sign or such other valid reason
Loss of data in computer due to virus/system problem
Natural Calamity
Change in financial year
Non availability of shareholders which may result in absence of quorum
Non-availability of directors on the valid grounds. For instance, sudden death of Directors and consequence of this the limit of directors goes below the minimum requirements of directors.
Confiscation of Books of accounts by Income Tax Department, Serious and Fraud Investigation Cell or any other Government officials.