Extension of time for holding AGM for F.Y ended 31st March, 2021

MCA issued a circular on extension of time for holding Annual General Meeting for F.Y ended 31st March, 2021

Circular date

23.09.2021

Subject

Extension of time for holding Annual General Meeting for F.Y ended 31st March, 2021 in terms of third proviso to section 96(1) of Companies Act, 2013.

Effective date

23.09.2021

Applicability

On all Companies

 

Brief description

The Ministry of Corporate Affairs (MCA) on September 23, 2021 has extended the Annual General Meeting (AGM) after receiving  representations seeking extension of time for holding Annual General Meeting (AGM) for the financial year 2020-21 ending on March 31, 2021 regarding the difficulties faced by the companies due to second wave of Covid 19 and consequent lockdowns etc.

MCA has  decided to advise the Registrar of Companies (RoCs) to accord approval for extension of time for a period of two Months beyond the due date by which companies are required to conduct their AGMs for the financial year 2020-21 ended on  March 31, 2021.

MCA also advised to seek for the order to be issued by RoCs under third proviso to sub-section (1) of section 96 of the Companies Act, 2013 (the Act) for granting extension of time for conducting of AGM for the Financial Year 2020-21 ended on March 31, 2021.