FURTHER EXTENSION FOR CERTAIN AGM COMPLIANCES – Eshwars
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FURTHER EXTENSION FOR CERTAIN AGM COMPLIANCES

Authored by Lakshmi Rengarajan

SEBI vide the circular SEBI/HO/CFD/CMD 2/CIR/P/2021/11 dated 15th January 2021, has extended the relaxations provided to listed companies in relation to sending of annual report in physical form and appointment of proxies in relation to Annual General Meeting(“AGM”) till 31st December 2021.

Pursuant to Covid and the relaxations provided by the Ministry of Corporate Affairs for conduct of general meetings, SEBI had issued a circular SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12th May 2020 providing various relaxations to listed companies for the conduct of AGM till 31st December 2021.

In this regard the current circular provides a further extension till 31st December 2021 with respect to the following items of the May 2020 circular in relation to AGM conducted only through electronic mode;

1. Listed companies are dispensed from sending hard copies of annual report in relation to their shareholders,

2. Listed Companies are dispensed from sending proxy form to the share/security holders as the appointment of proxy will not be applicable when the AGM is held only through electronic mode.

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