MCA Clarification on passing of Ordinary and Special resolutions by the companies

Last updated: 09 December 2021

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The Ministry of Corporate Affairs (MCA) has issued a clarification regarding the passing of ordinary and special resolutions by companies. In light of COVID-19, companies are permitted to continue conducting Extraordinary General Meetings (EGMs) via Video Conference (VC) or Other Audio Visual Means (OAVM), or to transact items through postal ballot. This facility has been extended until 30th June 2022, following the guidelines previously issued in earlier circulars.

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. 20/2021 Dated: 08.12.2021 To, The DGCoA, All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Clarification on passing of Ordinary and Special resolutions by thecompanies under the Companies Act, 2013 read with rules madethereunder on account of COVID-19-Extention of time

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FAQ :

The clarification concerns the passing of ordinary and special resolutions by companies under the Companies Act, 2013, particularly in relation to COVID-19.

Companies can use Video Conference (VC), Other Audio Visual Means (OAVM), or postal ballot to pass resolutions.

These provisions allowing for resolutions to be passed via VC, OAVM, or postal ballot are extended until 30th June 2022.

No, all other requirements provided in the previous circulars remain unchanged.

Notification No : General Circular No. 20/2021
Source : https://www.mca.gov.in/bin/dms/getdocument?mds=BHha%252BtlC4zSOyywpjl5Dkw%253D%253D&type=open

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