As per Section 97 of the Companies Act, 2013
(1) If any default is made in holding Annual General Meeting of a Company as per Section 96, the Tribunal may notwithstanding anything contained in this Act or the Articles of the Company, on an application of any member of the Company, call or direct the calling of an Annual General Meeting of a Company and give such ancillary or consequential directions as the Tribunal thinks expedient.
Provided that such directions may include that one member of the Company present in person or by proxy shall be deemed to constitute a meeting.
(2) A General Meeting held in pursuance of sub section (1) shall, subject to any direction of the Tribunal, be deemed to be an Annual General Meeting of the Company under this Act.
As per Section 99 of the Companies Act, 2013
If any default is made in holding a meeting of the Company in accordance with Section 96, 97 and 98 or in complying with any directions of the Tribunal, the Company and every officer of the Company who is in default shall be punishable with fine which may extend to Rs. 1,00,000 and in case of a continuing default, with a further fine which may extend to Rs. 5,000 for every day during which such default continues.