Clarification on Holding of AGM Through Video Conferencing or Other Audio/Video Means

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  1. With the Circular No.02/2021, MCA has clarified that, it has decided to allow companies whose AGMs were due to be held in the year 2020, or become due in the year 2021, to conduct their AGMs on or before 31.12.2021, in accordance with the requirements provided in paragraphs 3 and 4 of the general Circular No. 20/2020
  2. MCA has also stated that, this Circular shall not be construed as conferring any extension of time for holding of AGMs by the companies under the Companies Act, 2013, and the companies which have not adhered to the relevant timelines shall remain subject to legal action under the Companies Act, 2013.
  3. This issues with the approval of the competent authority.

 

The official circular is stated below: