SEBI Extension of time for holding the Annual General Meeting (AGM) by top 100 listed entities by market capitalization

Last updated: 24 July 2021

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The Securities and Exchange Board of India (SEBI) has extended the deadline for the top 100 listed entities by market capitalisation to hold their Annual General Meeting (AGM). This extension, granted due to representations citing the impact of the CoVID-19 pandemic, allows these entities six months from the financial year-end to conduct their AGM, instead of the usual five months. This circular is effective immediately.

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/P/CIR/2021/602 July 23, 2021 To All listed entities that have listed their specified securities All Recognized Stock Exchanges Madam / Sir, Sub: Holding of Annual General Meeting (AGM) by top 100 listed entities by market capitalization Reg. 1. Regulation 44(5) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015(SEBI LODR/ LODR) requires top 100 listed entities by market capitaliz

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FAQ :

The usual deadline requires the top 100 listed entities by market capitalisation to hold their AGM within five months from the closing date of the financial year.

SEBI has extended the deadline in response to requests from listed entities and the Institute of Company Secretaries of India, citing the impact of the CoVID-19 pandemic.

For the financial year 2020-21, the top 100 listed entities by market capitalisation can now hold their AGM within a period of six months from the date of closing of the financial year.

This circular comes into force with immediate effect.

The extension applies to the top 100 listed entities by market capitalisation that have listed their specified securities.

Notification No : SEBI/HO/CFD/CMD1/P/CIR/2021/602
Source : https://www.sebi.gov.in/legal/circulars/jul-2021/extension-of-time-for-holding-the-annual-general-meeting-agm-by-top-100-listed-entities-by-market-capitalization_51318.html

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