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General Circular No. 18/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan, Dr. R. P. Road. New Delhi-110001 Dated: 21st April, 2020 To All Regional Directors, All Registrars of Companies. All Stakeholders. Subject: Holding of annual general meetings by companies whose financial year has ended on 31st December, 2019. Sir/Madam, Several representations have been received from stakeholders with regard to difficul
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FAQ :
Companies whose financial year ended on 31st December 2019 can hold their AGM by 30th September 2020.
The deadline has been extended due to difficulties in holding AGMs caused by COVID-19 related social distancing norms and restrictions.
This extension applies to companies whose financial year (other than their first financial year) ended on 31st December 2019.
The Companies Act, 2013 generally allows companies to hold their AGM within six months from the closure of the financial year.
No, holding the AGM by 30th September 2020 will not be viewed as a violation of the Companies Act, 2013.
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Notification No : General Circular No. 18/2020Published in Corporate Law
Source : http://www.mca.gov.in/Ministry/pdf/Circular18_21042020.pdf