Annual general meeting requirement: companies (except one person companies) must hold yearly AGMs within prescribed intervals and during business hours.

Every company other than a One Person Company must hold an annual general meeting each year, described as such in notices, within prescribed intervals, with the first annual meeting required within a shorter period after the close of the first financial year; the Registrar may extend the time for the meeting for special reasons. Annual meetings must be held during business hours on non National Holidays at the registered office or elsewhere within the same city, town or village, subject to possible Central Government exemptions.

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