India:
Extension Of Period To Hold EGMs And AGMs Through Video Conferencing Or Other Audio-Visual Means
14 December 2021
Juris Corp
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The Ministry of Corporate Affairs
(“MCA”) had previously allowed
companies to hold extra-ordinary general meetings
(“EGMs”) and annual general meetings
(“AGMs”) through video conferencing
(“VC”) or other audio-visual means
(“OAVMs”).
The MCA has now, vide the circulars dated
8th December 2021 further extended the period for
companies to hold their EGMs and AGMs that are due in 2021 through
VC and OAVMs to 30th June 2022. The EGMs and AGMs
shall be conducted in accordance with the Companies Act, 2013, the
rules thereunder and the existing circulars issued by the MCA.
The MCA has also clarified that the relaxation for holding of
AGMs shall not be construed as an extension of time and
accordingly, failure to comply with the prescribed timelines would
be subject to legal action.
getdocument (mca.gov.in)
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