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Covid-19 outbreak: Govt eases AGM deadline for certain section of companies

Under the Companies Act, 2013, companies have to hold their Annual General Meetings (AGMs) within nine months from the end of their financial year.

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The relaxed deadline would be applicable only for companies whose financial year ended on December 2019, the corporate affairs ministry said on Tuesday

Agencies
Providing a relaxation in compliance requirements, the government has given time till September-end for a certain section of companies to conduct their annual general meetings.

The relaxed deadline would be applicable only for companies whose financial year ended on December 2019, the corporate affairs ministry said on Tuesday, amid the coronavirus pandemic and nationwide lockdown.
 
Under the Companies Act, 2013, companies have to hold their Annual General Meetings (AGMs) within nine months from the end of their financial year.

The ministry said it has received several representations from stakeholders with regard to difficulty in holding AGMs for companies