Please find attached circular issued by MCA (Clarification of holding Annual General Meeting (AGM) through video conferrencing (VC) or other audio visual means (OAVM) . The brief summary of the circular is detailed below:

1 Circular date 13.01.2021
2 Subject Clarification of holding Annual General Meeting (AGM) through video conferrencing (VC) or other audio visual means (OAVM)
3 Effective date  13.01.2021
4 Applicability As per circular attached
 

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Brief description

In continuation of this Ministry’s General Circular No. 20/2020, dated 05th May 2020 and after due examination, it has been decided to allow companies whose AGMs were due to be held in the year 2020 or become due in the year 2021, to conduct their AGMs on or before 31.12.2021, in accordance with the requirements

It is also clarified, that this Circular shall not be construed as conferring any extension of time for holding of AGMs by the companies under the Companies Act, 2013

5 Impact This step has been taken to facilitate, the companies and businesses in India, The Ministry of Corporate Affairs (MCA) has now allowed companies to hold their Annual General Meeting (AGM) by Video Conferencing (VC) or other audio visual means (OAVM) during the year 2021 amidst the COVID-19 crisis.

 For your reference all circulars attached herewith.