MCA Clarification on Holding AGMs using VC/ OAVM upto 31/12/2021

MCA clarifies that where AGMs were due to be held in 2020 or becomes due in 2021, the companies can conduct the same upto 31/12/2021 using VC/ OAVM. Further MCA has clarified that this Circular is not meant for any timeline extension and the companies shall remain subject to legal action under the Companies Act, 2013.

MCA General Circular 02/2021 dt. 13/01/2021: Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM)

1. In continuation of this Ministry’s General Circular No. 20/2020, dated 05/05/2020 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 in paragraphs 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.

Related Posts:

MCA General Circular 19/2021 dt. 08/12/2021: Clarification on holding of AGMs due in 2021 through VC/ OAVM upto 30/06/2022

MCA General Circular 20/2021 dt. 08/12/2021: Clarification on passing of Ordinary/ Special resolutions by companies

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  1. Gautam Verma

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