Quick Summary
The Ministry of Corporate Affairs hasdecided to allow companies to conduct their EGMs through VC or OAVM or transact items through the postal ballot in accordance with the framework provided in the below-mentionedcirculars up to 30th June 2021. Read the official announcement below: General Circular No.39/2020 F. No. 2/6/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi Dated: 31st December, 2020 To The DG
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FAQ :
The Ministry of Corporate Affairs has extended the deadline to 30th June 2021 for companies to conduct their EGMs through video conference (VC) or other audio-visual means (OAVM), or to transact items through postal ballot.
Companies can conduct their EGMs using video conferencing (VC) or other audio-visual means (OAVM), or they can transact items through postal ballot.
The announcement clarifies and extends the time period for companies to use virtual methods like video conferencing or postal ballots for conducting EGMs, in light of the ongoing circumstances.
No, all other requirements provided in the previous circulars regarding these virtual EGMs and postal ballots remain unchanged.
The framework is provided in General Circulars No.14/2020, No.17/2020, No.22/2020, and No.33/2020, with the current extension being a continuation of these.
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