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    Clarification On Holding of AGM1 20230925

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    Kushagra kundan
    This circular extends the timeline for companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through video conferencing or other audio-visual means until September 30, 2024. However, it clarifies that this does not extend any statutory deadlines for holding AGMs under the Companies Act 2013. It also allows companies to conduct EGMs through these virtual means or pass resolutions via postal ballot until September 30, 2024. All other requirements from previous circulars on this issue remain unchanged.

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    Clarification On Holding of AGM1 20230925

    Uploaded by

    Kushagra kundan
    23 views2 pages
    This circular extends the timeline for companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through video conferencing or other audio-visual means until September 30, 2024. However, it clarifies that this does not extend any statutory deadlines for holding AGMs under the Companies Act 2013. It also allows companies to conduct EGMs through these virtual means or pass resolutions via postal ballot until September 30, 2024. All other requirements from previous circulars on this issue remain unchanged.

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    This circular extends the timeline for companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through video conferencing or other audio-visual means until September 30, 2024. However, it clarifies that this does not extend any statutory deadlines for holding AGMs under the Companies Act 2013. It also allows companies to conduct EGMs through these virtual means or pass resolutions via postal ballot until September 30, 2024. All other requirements from previous circulars on this issue remain unchanged.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views2 pages

    Clarification On Holding of AGM1 20230925

    Uploaded by

    Kushagra kundan
    This circular extends the timeline for companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through video conferencing or other audio-visual means until September 30, 2024. However, it clarifies that this does not extend any statutory deadlines for holding AGMs under the Companies Act 2013. It also allows companies to conduct EGMs through these virtual means or pass resolutions via postal ballot until September 30, 2024. All other requirements from previous circulars on this issue remain unchanged.

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    You are on page 1of 2

    Gcneral Circular No.

    09/2023

    Iiile No. P olicy -17/57/2021-CL-MCA


    qrr< u nr /Government
    of India
    -+iqTtz
    ard {*rsq /Ministry of Corporate Affairs
    5th Floor, 'A' Wing, Shastri Bhawan,
    Dr. Rajendra prasad Road, New Delhi 110001
    Dated:25.09.2023
    'l'o,

    The DGCoA,
    All Regional Directors,
    All Registrar of Companir,s,
    All Stakeholders.
    subject: Clarification on hording of Annual Generar Meeting (AGM) and
    EGM through video Confercnce (vC) or other Audio visual tvlea.rJloavu;
    passing of Ordinary and Special resolutions by thc compar,ies under "na the
    Companies Act,2013 read with Rues made thereunder -Ilxtension of timeline-reo
    Sirl Madam,

    In continuation to this Ministry's ceneral circular No. 20/ 2020 dated 05.05.2020,
    General Circular No. 02/ 2022 clatcd 05.05.2022 anrl Gencral Circular No. 70/ 2022
    dated 28.72.2022 ancl after due cxamination, it has bcen c{ecic{etl to allow companies
    whose AGMs are due in the Ycar 2023 or 2024, to conduct thcir AGMs through
    vC or
    oAVM on or before 30th Septcmber, 2024 in accorclance with the requirem"ents laid
    down in Para 3 and Para 4 o( the General Circular No. 20/2020 dated 05.05.2020.

    2. However, it is hereby clarified that General Circular shall not be construed as


    conferring any extension of statutory time for holding of AGMs by the companies
    under the Companies Act, 2013 (thc Act) and the companies which have not adherecl
    to the relevant statutory timelincs shall be liable to legil action uncler the appropriate
    provisions of the Act.

    3. Further, in continuation to this Ministry's General Circular No. 14,/2020 datecl


    08.04.2020, General Circular No. 03/ 2022 .tatea 0s.os.zo22 ancl General Circular No.
    "17
    / 2022 dated 28.72.2022 and after due examination, it has also been decided to allow
    companies to conduct their EGMs through video ConJercnce (VC) or other Audio
    Visual Means (OAVM) or transact items through postal ballot in accordance with
    framework providecl in the aforesaid Circulars up to eoth september, 2024. All other
    requircments provided in the saicl Circulars shall remain unchanged.

    0)
    Page 2 contd...
    4. This issues with the approval of the Competent Authority

    Yours faithfully,
    \ .'1,--1 v-.-
    -'

    (K{rl Marx)
    Deputy Director
    Tel.: 011-2338-7263
    Copy to:

    1. e-Governance section and web Content officer to place the Circurar on


    MCA Website.
    2. Guard File.

    (2)

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