AGM Date Extended by MCA
Update: AGM Date Extended by MCA! Taking the pandemic into
account, the Ministry of Corporate Affairs has come up with great news for the
companies. The Ministry of corporate affairs has prolonged the due dates for holding
AGM meeting. As per the Companies Act, every company established in India must
hold an Annual general meeting every year.
the AGM must be held within six months from the date of closing of the fiscal
year. But this year, MCA has given relief to all the companies by extending the
due dates of the Annual general meeting. You can also check out the newest
notifications about the Annual general meetings on the MCA portal.
As per the
reports, due to lockdown and restriction on the movement, it became difficult
for the companies to operate their annual general meeting. Further, as COVID
guidelines, companies also have to ensure social distancing while AGM. So, all
these factors became obstacles for the companies to hold AGM. In such cases, to
make it easier, the MCA issues notice extending the period to hold AGM. This
provides an ease to the companies. So, if you want to get the latest updates on
AGM, you should check it out in the MCA portal.
Important: Please note that the information on this page / site is provided as general information for better understanding for the user and does not constitute tax, legal, or other professional advice and must not be used as such. Please consult your professional adviser(s) if you have any questions / doubts regarding the above.