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Place of Holding of Annual General Meeting (AGM)

Relevant Provision

Sub-section (2) of Section 96 of the Companies Act, 2013 prescribes the provisions regarding the criteria of places where the AGM of any company can be held.

Place of AGM

Place of AGM means the venue i.e. the location where the annual general meeting of a company is to be organised and conducted.

In the notice of AGM, the exact venue of AGM is communicated to all the concerned stakeholders well in advance.

Holding AGM at the Registered Office

It is a general practice that the Annual General Meetings are usually being conducted at the registered office of the company, as that is the location most of the shareholders and other stakeholders are most familiar with and it is more convenient for them to come there.

However, it is not mandatory on the companies to hold their AGMs at the registered office only. It is only one of the options.

Can AGM be held outside registered office?

An AGM can be held at a place other than the registered office but it shall be a place within the city, town or village in which the registered office of the company is situated.

Holding AGM at any place in India

The AGM of an unlisted company may be held at any place in India subject to the condition that all the members/shareholders give their consent in writing or by electronic mode in advance.

Exemption

The Central Government may exempt any company from the above provisions subject to such conditions as it may impose.

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