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<h1>Companies Must Hold AGM or Face Central Govt Intervention Under Section 166; Tribunal Steps In for Sick Companies</h1> If a company fails to hold an annual general meeting as required by Section 166 of the Companies Act, 1956, the Central Government may intervene and call or direct the calling of such a meeting upon a member's application. The government can issue necessary directions for conducting the meeting, including deeming the presence of one member as constituting a meeting. Meetings held under these provisions are considered annual general meetings. For sick industrial companies under Chapter VIA, the Tribunal assumes this role instead of the Central Government.