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Home Cooperative Queries

How many AGMs in an year?

Mr. I C Naik by Mr. I C Naik
May 20, 2015
in Cooperative Queries
0
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Mahajan Brij

A AGM has been scheduled whereas financial year is yet to be closed. Kindly guide whether another is as per rule which stipulate agm after close of financial year

I C Naik

In a year there is always one AGM – other meetings of general body of members are called special General Meeting. So if a meeting is called before the close of the year but after 30th September it could still be AGM to consider accounts of the previous cooperative year.

 

Tags: AGMbye lawscooperativesfinancial yearSGM
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