MCA issued clarification on holding of AGM through Video Conference or Other Audio-Visual Means

Last updated: 06 May 2022

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The Ministry of Corporate Affairs (MCA) has issued a clarification allowing companies with AGMs due in 2022 to conduct them via video conference or other audio-visual means. This must be done on or before 31st December 2022, adhering to specific requirements. The circular clarifies that this does not grant an extension for holding AGMs under the Companies Act, 2013, and companies failing to meet timelines may face legal action.

General Circular No. 2/2022

File No. Policy-17/57/2021-CL-MCA l
Government of India
Ministry of Corporate Affairs

5th Floor, 'A' Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi 110001
Dated: 05.05.2022

To,

The DGCoA,
All Regional Directors,
All Registrar of Companies,
All Stakeholders.

AGM Video Conference Clarification: MCA Extends Deadline

Subject: Clarification of holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio-Visual Means (OAVM)-reg.

Sir/Madam,

With reference to Ministry's General Circular Nos. 20/2020 dated 05.05.2020, General Circular No. 02/2021 dated 13.01.2021, General Circular No. 19/2021 dated 08.12.2021 and 21/2021 dated 14.12.2021, it has been decided to allow the companies whose AGMs are due in the Year 2022, to conduct their AGMs on or before 31st December, 2022 in accordance with the requirements laid down in Para 3 and Para 4 of the General Circular No. 20/2020 dated 05.05.2020.

2. It is clarified that this Circular shall not be construed as conferring any extension of time for holding of AGMs by the companies under the Companies Act, 2013 (the Act) and the companies which have not adhered to the relevant timelines shall be liable to legal action under the appropriate provisions of the Act.

3. This issues with the approval of the Competent Authority.

Encl.: As above.

Yours faithfully,

(KMS Narayanan)
Deputy Director
Tel: 011-2338-7263

Copy to:
1. e-Governance Section and Web Content officer to place the Circular on MCA Website.
2. Guard File

FAQ :

The clarification concerns the holding of Annual General Meetings (AGMs) through Video Conference (VC) or Other Audio-Visual Means (OAVM).

Companies whose AGMs are due in the year 2022 are allowed to conduct them via video conference or other audio-visual means.

AGMs must be held on or before 31st December 2022.

No, this circular does not confer any extension of time for holding AGMs under the Companies Act, 2013.

Companies that have not adhered to the relevant timelines shall be liable to legal action under the appropriate provisions of the Companies Act, 2013.

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