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The Institute of Company Secretaries of India haswritten a representation letter to the Ministry of Corporate Affairs to extend the timelinefor holding of Annual General Meetingfor the year ended 31st March 2021 till 31st December 2021 so as to provide relief to all the companies and stakeholders, keeping in view the COVID-19 pandemic. Read the official representation letter below: 16th August 2021 Shri Rajesh Verma, lAS Secretary Ministry of Corporate Affairs Government of India Sh
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FAQ :
ICSI is requesting an extension of the timeline for holding Annual General Meetings (AGMs) for the financial year ending March 31, 2021.
The request is due to the ongoing challenges and difficulties faced by companies and stakeholders caused by the COVID-19 pandemic.
ICSI has proposed extending the deadline to December 31, 2021.
Difficulties include challenges in completing audit formalities due to the inability to conduct physical verification, offices not operating at full capacity, and restrictions like lockdowns and containment zones.
Yes, the Securities and Exchange Board of India (SEBI) has extended the timeline for the top 100 listed entities by market capitalization to hold their AGMs within six months from the financial year-end.
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