Holiday under Negotiable Instruments Act is not treated as a public holiday for AGM scheduling under company law. When days are declared holidays under the Negotiable Instruments framework solely for half yearly bank or treasury account closings, those days shall not ... Summary
Holiday under Negotiable Instruments Act is not treated as a public holiday for AGM scheduling under company law.
When days are declared holidays under the Negotiable Instruments framework solely for half yearly bank or treasury account closings, those days shall not be treated as public holidays for the purpose of section 166, and therefore do not alter the timetable or permissibility of convening annual general meetings under the companies regime.
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