Section 76 : Annual general meeting

1) Every public company shall hold its first annual general meeting within one year after it is permitted to commence its business, and thereafter it shall hold the annual general meeting every year within six months after the expiry if its financial year.

2) If any public company fails to call the annual general meeting even within three months after the expiry of the time-limit referred to in Sub-section(1), the office may give direction to call the annual general meeting of such company.

(3) If the annual general meeting of the company is not held even within three months of receiving the direction of sub-section (2), any shareholder may file a petition in the court openly. If such a request is made, the court may order the holding of an annual general meeting or issue other appropriate orders.

4) Notwithstanding anything contained in Sub-sections (1) and (2) of section 73, the shareholders present in the general meeting called pursuant to the order of the court under Sub-section (3) shall be deemed to be a quorum.

5) The provisions of sub-sections (1) (2) (3) and (4) shall apply even in the case of a private company provided for in the rules for holding an annual general meeting.