Clarification on holding of Annual General Meeting (AGM) and EGM through Video Conference (VC) or Other Audio Visual Means (OAVM) and passing of Ordinary and Special resolutions by the companies under the Companies Act, 2013 read with Rues made thereunder -Extension of timeline
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AGM and EGM via video conferencing permitted under specified framework; statutory timelines remain unchanged and legal liability persists. Companies with AGMs due in 2023 or 2024 may conduct AGMs via Video Conference or Other Audio Visual Means in accordance with the Ministry's earlier circular framework; this administrative allowance does not extend statutory time for holding AGMs and non compliance with statutory timelines remains liable to legal action. Companies may also hold EGMs via VC/OAVM or transact items through postal ballot under the same framework and timeline, with all other requirements of the prior circulars remaining 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.
AGM and EGM via video conferencing permitted under specified framework; statutory timelines remain unchanged and legal liability persists.
Companies with AGMs due in 2023 or 2024 may conduct AGMs via Video Conference or Other Audio Visual Means in accordance with the Ministry's earlier circular framework; this administrative allowance does not extend statutory time for holding AGMs and non compliance with statutory timelines remains liable to legal action. Companies may also hold EGMs via VC/OAVM or transact items through postal ballot under the same framework and timeline, with all other requirements of the prior circulars remaining applicable.
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