The Ministry of Corporate Affairs (MCA) has announced an extension for companies to hold their Extraordinary General Meetings (EGMs) using video conferencing (VC) or other audiovisual means (OAVM). This extension, previously set to end on June 30, 2020, will now be valid until September 30, 2020. The decision allows companies to continue conducting necessary business remotely, following the guidelines previously issued.
General Circular No. 22/2020
F.No. 02/01/2020 CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi-1.
Dated: 15.06.2020
To
All Regional Directors,
All Registrar of Companies,
All Stakeholders.
Subject: Clar
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FAQ :
The MCA has decided to extend the validity for companies to hold Extraordinary General Meetings (EGMs) through video conferencing (VC) or other audiovisual means (OAVM).
The validity for holding EGMs through VC or OAVM has been extended until September 30, 2020.
The previous deadline for holding EGMs virtually was June 30, 2020.
Yes, the framework provided in the earlier circulars, which includes passing of certain items through postal ballot without convening a general meeting, is also extended until September 30, 2020.
No, all other requirements provided in the earlier circulars remain unchanged.