https://www.taxtmi.com/article/detailed?id=9124 The MCA permitted companies with financial years ending 31 December 2019 to hold their AGMs within a nine month period from year end without being treated as violating the Companies Act, acknowledging COVID 19 constraints; the clarification adjusts statutory references to due dates and excludes companies holding their first AGM. The relief is based on the Act's definition of financial year and the six month AGM requirement, and applies to companies with January-December accounting periods and to entities whose financial year was otherwise approved for consolidation purposes only as specified. en-us Tue, 28 Apr 2020 06:18:22 +0530 Tue, 28 Apr 2020 06:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9124 The MCA permitted companies with financial years ending 31 December 2019 to hold their AGMs within a nine month period from year end without being treated as violating the Companies Act, acknowledging COVID 19 constraints; the clarification adjusts statutory references to due dates and excludes companies holding their first AGM. The relief is based on the Act's definition of financial year and the six month AGM requirement, and applies to companies with January-December accounting periods and to entities whose financial year was otherwise approved for consolidation purposes only as specified. Articles Corporate Laws / IBC / SEBI Tue, 28 Apr 2020 06:18:22 +0530 https://www.taxtmi.com/article/detailed?id=9124