MCA allows for seeking of voluntary extension of AGM for FY ending on 31/03/2020



Quick Summary
The Ministry of Corporate Affairs (MCA) has issued a circular allowing companies that couldn't hold their Annual General Meeting (AGM) for the financial year ending 31st March 2020 to voluntarily apply for an extension. To do this, companies must file Form GNL-1 with the relevant Registrar of Companies before 29th September 2020. Registrars are advised to consider these applications favourably.

The Ministry of Corporate Affairs through General Circular no. 28/020 has notified that companies that have not been able to conduct their AGM for FY ending 31/03/2020 can now voluntarily seek for extension of the time period to hold AGM by filing Form No. GNL-1 with the concerned registrar of the c
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 :

Companies must file Form GNL-1 for an extension on or before 29th September 2020.

Companies should use Form No. GNL-1 to apply for an extension.

Companies that were unable to conduct their AGM for the financial year ending 31st March 2020 can apply.

Registrars of Companies are advised to grant extensions of up to three months as applied for.

This extension applies to the financial year ending on 31st March 2020.




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