Compounding of delay in holding Annual General Meeting (AGM) u/s 96 | Compounding u/s 441

In the realm of corporate compliance, adherence to statutory timelines is imperative. Under Section 96 of the Indian Companies Act 2013, companies are mandated to convene Annual General Meetings (AGMs) within prescribed deadlines. However, circumstances may arise where companies fail to meet these obligations, leading to potential legal consequences.

This video delves into the nuances of compounding offences related to delays in holding AGMs under Section 96 of the Indian Companies Act , 2013. Compounding offers companies a mechanism to rectify non-compliances by paying a penalty, thereby avoiding protracted legal battles and reputational damage.

Perfect for accountants, finance professionals, companies, compliance professionals and businesses looking to streamline their financial and annual regulatory reporting process.

Time Stamps:
Meaning and requirements of AGM: 01:02
Extension of time for holding AGM: 05:46
Validity of AGM held beyond statutory time: 06:16
Default in holding AGM: 06:53
Compounding of Offence: 08:03
Process of Compounding: 08:15
Calculation of Penalty: 10:55
Timelines: 12:15
Things to remember: 13:26
Other provisions: 15:11

Following queries are addressed in this video:
What is Compounding of offence under section 441?
Compounding of delay in holding AGM under section 96?
How to do compounding of delay in AGM?
What is the procedure of compounding of offence of delay in holding AGM?
Documents required for compounding of offence under section 441 of the Companies Act, 2013?
What is the practical procedure of compounding of delay in holding AGM?
What is the penalty amount for compounding of delay in holding Annual General Meeting (AGM)?
How to rectify non-compliance of holding AGM?

Important Links:
https://www.mca.gov.in

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Link to download the Presentation: https://drive.google.com/file/d/1_Or1...

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Keywords: Companies Act 2013, MCA, Compounding offence, Delay in AGM, Delay in holding AGM, Non-Compliance under section 96, Compounding under section 441, Penalty under section 96, Compounding of delay in AGM

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