MCA allows Extension of Time for Holding Annual General Meetings by Companies whose Financial Year Ended on 31 December 2019

On receipt of numerous representations from the stakeholders regarding the difficulties faced by them in holding Annual General Meeting (AGM) of the Companies whose financial year has ended on 31st day of December 2019 due to COVID-19 related social distancing norms and consequential restrictions linked thereto, Ministry of Corporate Affairs (MCA) has vide General Circular No. 18/2020 dated 21st day of April, 2020 extended the time period for holding the AGMs. The amendment specified in the said circular is as under: The complete text of the circular may be viewed at below link: http://www.mca.gov.in/Ministry/pdf/Circular18_21042020.pdf   Last Updated: 23rd April 2020 This article is contributed by:  Luv Malhotra Senior Manager, Legal  

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