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of <h1>AGMs Permitted on June 30 and December 31 Despite Public Holiday Status Under Negotiable Instruments Act, Section 166 Clarified.</h1> The circular addresses whether annual general meetings (AGMs) can be held on 30th June and 31st December, which are designated as public holidays under the Negotiable Instruments Act for the specific purpose of half-yearly closing of accounts by banks and treasuries. It clarifies that these dates will not be considered public holidays for the purposes of section 166, allowing AGMs to be conducted on these days despite their status under the Negotiable Instruments Act.
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