Due Date of Annual General Meeting extended for companies registered in Jammu and Kashmir!!

The state of Jammu and Kashmir and its unfortunate situation has become the talk of the town due to valid reasons. The unprecedented floods in the state has brought with itself large scale destruction and disruption of business. Owing to the same, the Kashmir chamber of Commerce and Industry and others have represented that due to the devastation caused by the floods, companies registered in the State could not convene AGMs for the financial year 2013-2014 within the stipulated time as required under the provisions of Companies Act, 2013.  

In view of the exceptional circumstances, Registrar of Companies Jammu and Kashmir is advised to exercise powers conferred on him under the third proviso to section 96(1) of the Companies Act, 2013 to grant extension of time upto 31/12/2014 to those companies registered in the State of Jammu and Kashmir who could not hold their AGMs (other than first AGM) for the financial year 2013-14 within the stipulated time.

This indeed is a very apt move in the current scenario. Hence, companies having registered office in Jammu and Kashmir can hold their Annual General Meeting upto 31/12/2014 and thereby meet the annual compliances without any additional fees.

Click here to download a copy of the circular: Due Date of Annual General Meeting extended for companies registered in Jammu and Kashmir

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