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    <title>1971 (11) TMI 90 - HIGH COURT OF MADRAS</title>
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    <description>Rule 9 inherent jurisdiction cannot be used to extend time for holding an annual general meeting where the Companies Act, 1956 provides a complete scheme. Section 166 makes timely holding of the AGM mandatory and allows only the Registrar to extend time, for not more than three months. Section 167 deals with default already committed and enables the Central Government to call or direct the meeting, while section 186 applies only to meetings other than AGMs, confirming legislative exclusion of court intervention. Section 633(2) excuses liability for default but does not authorise extension of time.</description>
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    <pubDate>Thu, 04 Nov 1971 00:00:00 +0530</pubDate>
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      <title>1971 (11) TMI 90 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=98898</link>
      <description>Rule 9 inherent jurisdiction cannot be used to extend time for holding an annual general meeting where the Companies Act, 1956 provides a complete scheme. Section 166 makes timely holding of the AGM mandatory and allows only the Registrar to extend time, for not more than three months. Section 167 deals with default already committed and enables the Central Government to call or direct the meeting, while section 186 applies only to meetings other than AGMs, confirming legislative exclusion of court intervention. Section 633(2) excuses liability for default but does not authorise extension of time.</description>
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      <pubDate>Thu, 04 Nov 1971 00:00:00 +0530</pubDate>
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