Clarification On Extension In Holding AGM
MCA has via its circular dated 17 August 2020 issued a clarification on the extension of the Annual General Meeting for the year ended 31 March 2020. This circular is an extended clarification to the General Circular dated 05 May 2020 regarding holding of Annual General Meeting through video conferencing or other audio-visual means for the calendar year 2020.
The Ministry has hereby re-iterated that companies that are unable to hold their AGM even through video conferencing or any other audiovisual means can file applications for extension of time for holding the AGM, in e-form GNL-1, for the financial year ended 2020. The applications are to be submitted with the concerned Registrar of Companies on or before 29 September 2020.
The Ministry has also advised the Registrar to consider the applications liberally and grant an extension for the period applied by the company, up to a maximum of 3 (three) months.
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