Exemption from annual general meetings permits venue flexibility outside the registered locality subject to post meeting registrar disclosure. Companies with registered offices in Punjab that have foreign nationals as directors or shareholders are exempted from holding annual general meetings at their registered offices or within the same city, town or village, provided that each such company, within fifteen days of the meeting, furnishes to the Registrar of Companies details of the date and venue and the names of foreign nationals who attended; the exemption is valid only until the terminal date specified in the notification.