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        Companies Law

        Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013

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        Extension of AGM deadlines: companies must file Form GNL 1 to seek up to three months' extension for FY2020 AGMs. Companies unable to hold AGMs for the financial year ended 31.03.2020 should file Form No. GNL-1 with the concerned Registrar of Companies by the prescribed deadline to seek extension of the statutory AGM period. Registrars are advised to consider such applications liberally and grant extensions for the period applied for, up to three months, taking into account hardships faced by stakeholders; prior relaxations for holding AGMs via video conferencing or other audio-visual means remain applicable.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Extension of AGM deadlines: companies must file Form GNL 1 to seek up to three months' extension for FY2020 AGMs.

                                Companies unable to hold AGMs for the financial year ended 31.03.2020 should file Form No. GNL-1 with the concerned Registrar of Companies by the prescribed deadline to seek extension of the statutory AGM period. Registrars are advised to consider such applications liberally and grant extensions for the period applied for, up to three months, taking into account hardships faced by stakeholders; prior relaxations for holding AGMs via video conferencing or other audio-visual means remain applicable.


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