Business Standard

Corp affairs ministry allows companies to extend AGMs for up to 3 months

The firms will have to file an application to get an extension

Business, corporate, boardroom

The government had issued a circular in May allowing companies to hold AGMs video conferencing or other audio visual means

Ruchika Chitravanshi New Delhi
The Ministry of Corporate Affairs has allowed more time for companies that were unable to hold their annual general meetings for the year ending March 31, 2020 despite earlier relaxations asking them to file an application with the registrar of companies for the same, a government circular said.

In a circular dated August 17, MCA has advised the registrar of companies to consider all such applications liberally in view of the hardships faced by the stakeholders. The RoC can give an extension upto a maximum period of three months.  

MCA said it had received several representations from the industry seeking

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First Published: Aug 19 2020 | 5:23 PM IST

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