Extension of Time Limit for Holding AGM for FY 2020-21



Quick Summary
The Registrar has extended the deadline for holding the Annual General Meeting (AGM) for companies whose financial year ended on 31st March 2021. This extension, granted for a period of two months beyond the original due date, is a result of difficulties faced by companies in convening their AGMs due to the Covid-19 pandemic. Companies do not need to apply for this extension using Form GNL-1.

Order: Extension of time for holding of Annual General Meeting (AGM) for the financial year ended on 31/03/2021 in terms of third proviso to section 96(1) of Companies Act, 2013 (the Act) 1, Whereas sub-section (1) of section 96 of the companies Act, 2013 (the Act) provides, inter-alia, that ever
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

The time limit for holding the Annual General Meeting (AGM) for the financial year ended 31st March 2021 has been extended by two months from the original due date.

The extension is due to difficulties faced by companies in holding their AGMs because of the Covid-19 pandemic.

This extension applies to the Annual General Meeting (AGM) for the financial year that ended on 31st March 2021.

No, companies do not need to file an application using Form GNL-1 to obtain this two-month extension.

Yes, it covers pending applications, rejected applications, and applications where less than two months' extension was approved.

This order does not cover applications where an extension of more than two months was already approved.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro