Clarification of holding of Annual General Meeting (AGM) through video Conference (VC) or Other Audio Visual Means (OAVM)

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Clarification of holding of Annual General Meeting (AGM) through video Conference (VC) or Other Audio Visual Means (OAVM)

 
General Circular No. 21/2021
File No. Policy-17/57/2021-CL-MCA
Government of India

Ministry of Corporate Affairs
5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi 110001
Dated: 14.1.2.2021
To,
The DGCoA,
All Regional Directors,’
All Registrar of Companies,
All Stakeholders.
Subject: Clarification of holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio Visual Means (OAVM)-reg.
Sir/Madam,
In continuation of Ministry’s General Circular No. 20/2020 dated 05.05.2020, General Circular No. 02/2021 dated 13.01.2021 and General Circular No. 19/2021 dated 08.12.2021, it has also been decided to allow the companies who are proposing to organize AGMs in 2022 for the Financial Year ended/ending any time before/on 31.03.2022 through VC or OAVM as per the respective due dates by 30th June, 2022 in accordance with the requirements laid down in Para 3 and Para 4 of the General Circular No. 20/2020 dated 05.05.2020.
  1. 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, 201.3 (the Act) and the companies which have not adhered to the relevant timelines shall be liable to legal action under the appropriate provisions of the Act.
  2. This issues with the approval of the Competent Authority.
Yours faithfully,
(KMS Narayanan)
Deputy Director
Tel.: 011-2338-7263
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