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<h1>Supreme Court Decision on Delayed AGM Filing: Section 159 Clarifies Default Status and Timeline Obligations for Companies.</h1> In cases of delay in holding a company's annual general meeting, the date for filing the annual return and balance sheet with the Registrar of Companies, for the purpose of additional fees, is determined based on the Supreme Court's decision in Hirjee Mills' case. The company is considered in default if it files documents within 60 days after the meeting, if the meeting was held after the due date. The explanation in section 159 supports this view, allowing filing even if the meeting has not occurred, reinforcing the obligation to adhere to the prescribed timeline.