COMPANY LAW UPDATE – HOLDING OF AGM BY WAY OF VIDEO CONFERENCING – AN UPDATE – Eshwars
Call Us +91 44 42048335

COMPANY LAW UPDATE – HOLDING OF AGM BY WAY OF VIDEO CONFERENCING – AN UPDATE

Authored by Adit N Bhuva & Sri Vidhya Kumar

The Ministry of Corporate Affairs (“MCA”), had on 5th May 2020, allowed  companies to conduct their Annual General Meetings (“AGM”) by way of Video Conferencing (“VC”) till 31st December 2020.

The procedure for conducting the general meetings by VC can be accessed in the following link – http://eshwars.com/blog/clarification-on-passing-of-shareholder-resolutions-during-covid-19-conduct-extra-ordinary-general-meeting-egm-of-shareholders-remotely.

In addition to the procedure provided in the aforesaid link, the Companies will have to comply with the procedure provided in the circular of the MCA dated 5th May 2020.

Now the MCA has allowed the companies, whose AGMs were due to be held in the year 2020 or become due in the year 2021, to conduct their AGMs by way of video conferencing till 31st December 2021.

However, the Companies will have to hold the AGMs within the timelines prescribed under Companies Act, 2013.

Leave a comment

Your email address will not be published. Required fields are marked *

Eshwars | House Of Corporate & IPR Laws,
Chennai | Delhi | Bengaluru | Mumbai | New Jersey

Board: +91 - 44 - 42048335
+91 - 44 - 42048235