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of <h1>AGMs Extended to September 30, 2020, for Companies Affected by COVID-19 Restrictions Under Companies Act, 2013.</h1> Companies whose financial year ended on December 31, 2019, faced challenges in holding annual general meetings (AGMs) due to COVID-19 restrictions. The Companies Act, 2013, permits AGMs within six months of the financial year's end, or nine months for the first AGM, without exceeding 15 months from the last AGM. To address these issues, it is clarified that holding AGMs by September 30, 2020, for the specified financial year will not be considered a violation. This adjustment is approved by the competent authority to accommodate the difficulties faced by companies during the pandemic.
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