AGM High Count Permission
If a company is unable to hold its Annual General Meeting (AGM) on time, it can apply to the High Court Division for permission to hold a delayed AGM. This is typically done under Section 81(2) of the Companies Act, 1994, The court may also grant extensions for holding the AGM if sufficient cause is shown.
AGM High Court Permission in Bangladesh
In certain circumstances, a company may be unable to hold its Annual General Meeting (AGM) within the required time due to unforeseen legal or procedural issues. In such cases, the company can apply to the High Court for permission to conduct the AGM on a later date. This process involves legal documentation, representation, and justification for the delay.
Seeking permission from the High Court ensures that the company remains in compliance with corporate laws and avoids penalties or other legal consequences. It is a legal remedy available to companies under the Companies Act and related regulations.
We provide complete assistance for obtaining AGM High Court Permission
- Legal Consultation: Initial evaluation and legal assessment of the need for High Court intervention.
- Document Preparation: Drafting petitions, affidavits, board resolutions, and other required legal documents.
- Court Representation: Appearing before the High Court on behalf of the company to obtain the required permission.
- Compliance Monitoring: Ensuring that court directives are followed and the AGM is held within the permitted timeline.
- Post-Permission Support: Support with conducting the AGM, filing required documents, and reporting.
In Bangladesh, an Annual General Meeting (AGM) is a mandatory yearly gathering for companies to review their performance and make important decisions. The Companies Act 1994 outlines the requirements for holding an AGM, including timelines, procedures, and documentation. The Companies must hold an AGM within six months of the end of their financial year. An AGM must be held at least once a year, with no more than fifteen months between consecutive AGMs. Shareholders must receive a written notice at least fourteen days before the AGM. For special resolutions (requiring a supermajority), the notice period is twenty-one days.
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