Apr 21, 2020

Relaxation in holding of AGMs by companies whose financial year ended on 31st December, 2019

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MCA has clarified that if 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 a period of 9 months from the closure of the financial year (i.e. by 30th September, 2020) and the same shall not be viewed as a violation. The references to due date of AGM or the date by which the AGM should have been held under the Act or the rules made thereunder shall be construed accordingly.

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