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.
