Corporates can play an important role in educating the shareholders on the importance of an AGM.
AS we are into the month of May, a slew of companies with financial year ended Dec 31, 2023, will be having their respective AGM over the next few weeks and right to the end of June 2024, where the statutory window closes.
According to Section 340 (2) of the Companies Act, 2016, every company must hold an AGM within six months from the date of its financial year end and not later than 15 months from the date of its last preceding AGM.
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