Laying accounts at annual general meeting within statutory period laid down in sub section (3) of the section Whether mandatory on the part of board of directors

Laying accounts at annual general meeting within statutory period laid down in sub section (3) of the section Whether mandatory on the part of board of directors https://www.taxtmi.com/circulars?id=10993 Mandatory duty on the board of directors to lay the company accounts at every annual general meeting within the statutory period is reaffirmed. Although adjournment is permissible if accounts are not ready, the adjourned meeting must occur within the prescribed statutory period, including any authorized extension, and adjournments cannot be used to bypass timing requirements, failing which directors are liable to prosecution. en-us Wed, 20 Mar 1985 00:00:00 +0530 Mon, 20 Jun 2011 11:36:00 +0530 TaxTMI RSS Generator Laying accounts at annual general meeting within statutory period laid down in sub section (3) of the section Whether mandatory on the part of board of directors https://www.taxtmi.com/circulars?id=10993 Mandatory duty on the board of directors to lay the company accounts at every annual general meeting within the statutory period is reaffirmed. Although adjournment is permissible if accounts are not ready, the adjourned meeting must occur within the prescribed statutory period, including any authorized extension, and adjournments cannot be used to bypass timing requirements, failing which directors are liable to prosecution. Circulars Companies Law Wed, 20 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10993