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of <h1>Punjab Companies and Foreign Directors Exempted from Holding AGMs Locally Until Dec 31, 1986</h1> The Central Government exempts companies with registered offices in Punjab and foreign nationals as directors or shareholders from holding annual general meetings at their registered offices or within the same locality. This exemption, valid until December 31, 1986, requires such companies to report the meeting date, venue, and attending foreign nationals' names to the Registrar of Companies, Punjab, within fifteen days of the meeting.
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