Ministry of Corporate Affairs vide notification dated 21st April 2020 has given relaxations to companies for holding AGMs.
As per norms a period of 6 months from the closure of the financial year the AGM shall be held. Several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) due to COVID-1 9 related social distancing norms and consequential restrictions linked thereto. The companies whose financial year (other than first financial year) has ended on 31st December, 2019, can hold their AGM for such financial year within 30th September 2020.
Click here to read the Circular.
