Clarification of holding of AGM through Video Conference (VC) or Other Audio Visual Means (OAVM)-reg

Last updated: 09 December 2021

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The Ministry of Corporate Affairs (MCA) has issued a clarification regarding the holding of Annual General Meetings (AGMs) via Video Conference (VC) or Other Audio Visual Means (OAVM). Companies whose AGMs are due in 2021 can now conduct them on or before 30th June 2022, following the guidelines in previous circulars. This extension does not grant any additional time for holding AGMs under the Companies Act, 2013, and companies failing to meet deadlines may face legal action.

File No. Policy-17/57/2021-CL-MCA Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi 110001 General Circular No. 19/2021 Dated: 08.12.2021 To, The DGCoA, All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Clarification of holding of Annual General Meeting (AGM) throughVideo Conference (VC)or Other Audio Visual Means(OAVM)-reg. Sir/ Madam, With reference to MinistrysGeneral C

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FAQ :

The notification clarifies the rules for companies holding their Annual General Meetings (AGMs) through Video Conference (VC) or Other Audio Visual Means (OAVM).

Companies whose AGMs are due in the Year 2021 are allowed to conduct their AGMs via VC/OAVM.

Companies can conduct their AGMs on or before 30th June 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.

Notification No : General Circular No. 19/2021
Source : https://www.mca.gov.in/bin/dms/getdocument?mds=qf0BJBm1PRSt%252FPrrLs%252Fc4g%253D%253D&type=open

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