Clarification on holding of
annual general meeting (AGM) through video conferencing (VC) or other audio
visual means (OAVM)
Several representations have been
received in the Ministry for providing relaxations in the provisions of
Companies Act, 2013 (the Act) or rules made thereunder to allow companies to
hold annual general meeting (AGM) in a manner similar to the one provided in
General Circular No. 1412020, dated 08.04.2020 (EGM Circular - l) and General
Circular No. 1712020 dated 13.04.2020 (EGM Circular - ll), which deal with
conduct of extraordinary general meeting (EGM)
2. ln the meanwhile, by virtue of
the General Circular No. 18/2020, dated 21.04.2020, the companies whose
financial year ended on 31st December, 2019 have been allowed to
hold their AGM by 30th September,2020.
3. The matter has been further
examined and it is stated that in view of the continuing restrictions on the
movement of persons at several places in the country, it has been decided that the
companies be allowed to conduct their AGM through video conferencing (VC) or
other audio visual means (OAVM), during the calendar year 2020,
subject to the fulfilment of the following requirements.
For complete information kindly
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DISCLAIMER: THE
ARTICLE IS BASED ON THE RELEVANT PROVISIONS AND AS PER THE INFORMATION EXISTING
AT THE TIME OF THE PREPARATION. IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT
AND INDIRECT RESULT FROM THIS ARTICLE. THIS IS ONLY A KNOWLEDGE SHARING
INITIATIVE.
THE AUTHOR – CS DEEPAK
SETH (ASSOCIATE PARTNER HELPINGHANDS PROFESSIONALS LLP) AND CAN BE REACHED AT CONTACTHHPRO@GMAIL.COM
OR 9910248911.
 through video conferencing (VC) or other audio visual means (OAVM)){kind=link}
1 Comments
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