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Corporate Laws Corporate Governance Committee The Institute of Chartered Accountants of India 10th September, 2020 ANNOUNCEMENT Sub: Registrar of Companies of various regions have extended the time for holding of Annual General Meeting (AGM) for the financial year ended on 2019-20 by three months from the due date During the challenging time for everyone, companies are no exception. Preparation of the financials and submission for audit is challenging. Derailment in the schedule has
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FAQ :
The time for holding the Annual General Meeting (AGM) for the financial year ended 2019-20 has been extended by three months from the original due date.
No, companies are not required to file any application, such as Form GNL-1, to obtain this extension.
This extension applies specifically to the Annual General Meeting (AGM) for the financial year ended on 31st March 2020.
The extension has been granted due to the challenges faced by companies in finalising accounts and completing audits, particularly for small and medium unlisted companies, owing to the prevailing circumstances.
Yes, the extension covers pending applications filed in Form GNL-1 that are yet to be approved, as well as applications that were previously rejected for the financial year ended 31.03.20.
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