AGM — Annual General Meeting
What it means
The AGM is the yearly meeting of a company's shareholders mandated by section 96 of the Companies Act, 2013, where accounts are adopted, dividends declared, directors rotated and auditors appointed. Every company other than a One Person Company must hold one.
Where you meet it in the CA course
Companies Act chapters of CA Intermediate Paper 2 — notice periods, quorum, timelines (first AGM within 9 months of first FY-end; subsequent within 6 months, gap ≤ 15 months) are classic exam material.
Worked example
A company with FY ending 31 March 2026 must hold its AGM by 30 September 2026, with at least 21 clear days' notice to members.
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Talk to usWhat is the deadline for holding an AGM?
The first AGM must be held within nine months of the close of the company's first financial year; every subsequent AGM within six months of FY close, with not more than fifteen months between two AGMs.
What business is transacted at an AGM?
Ordinary business: adoption of financial statements, declaration of dividend, appointment/rotation of directors, and appointment and remuneration of auditors. Anything else is special business requiring an explanatory statement.