General Circular No. 02/2021, Ministry of Corporate Affairs, Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM)

Dated: 13th January, 2021 

To
The DGCOA,
All Regional Directors,
All Registrar of Companies,
All Stakeholders. 

Subject: Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM) 

1. 1. Sir/Madam, In continuation of this Ministry’s General Circular No. 20/2020, dated 05th May, 2020 and after due examination, it has been 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 inparagraphs 3 and 4 of the General Circular No. 20/2020.

2. It is clarified, 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. 

Yours faithfully, 

(KMS Narayanan)
Assistant Director (Policy) 

For full detail click below….

https://bit.ly/McaCircular-2