✓ Ministry of Corporate Affairs (MCA) has through General Circular No. 20/2021 dated 8t December, 2021, allowed Companies to conduct Extra-ordinary General Meeting (EGM) through Video Conference or Other Audio Visual Means (OAVM) or transact through postal ballot upto 30" June, 2022 in accordance with earlier General Circulars provided by MCA.
✓ Refer General Circulars Nos. 14/2020, 17/2020, 22/2020, 33/2020, 39, 2020 and 10/2021 for further details.
∆ Clarification w.r.t. holding of AGM through VC or OAVM Means
✓ MCA has through General Circular No. 19/2021 dated 8th December, 2021, allowed companies to conduct Annual General Meeting (AGM) through Video Conference or Other Audio Visual Means (OAVM) on or before 30th June, 2022 in accordance with framework provided by MCA (please refer earlier General Circular No. 20/2020 for further details).
✓ Companies shall mean companies whose AGMs are due in the year 2021.
✓ It is clarified that this circular shall not be construed as any extension of time for holding AGM. In case where, companies do not adhere to relevant timelines shall be liable to legal action under the relevant provisions of the Companies Act, 2013.
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