The Ministry of Corporate Affairs has allowed a two-month extension to the deadline for companies to hold their annual general meeting for the financial year ended March 31, 2021.
The government said it had received many representations seeking extension of time, citing difficulties due to the second wave of the Covid-19 and the consequent lockdowns. MCA has asked the registrar of companies to approve the extension of the time limit to hold the AGM.
According to Company Law, not more than 15 months should pass between the date of one annual general meeting of a company and the next. “In
