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

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 https://www.taxtmi.com/circulars?id=67811 Companies with AGMs due in 2024 or 2025 may hold AGMs by video conference (VC) or other audio visual means (OAVM) on or before 30 September 2025 according to the requirements in paragraphs 3 and 4 of General Circular No. 20/2020; EGMs may likewise be held by VC/OAVM or items transacted by postal ballot under earlier circulars. The circular clarifies that this administrative allowance does not extend statutory timelines under the Companies Act, 2013, and noncompliant companies remain liable to legal action. en-us Thu, 19 Sep 2024 00:00:00 +0530 Fri, 20 Sep 2024 18:09:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=67811 Companies with AGMs due in 2024 or 2025 may hold AGMs by video conference (VC) or other audio visual means (OAVM) on or before 30 September 2025 according to the requirements in paragraphs 3 and 4 of General Circular No. 20/2020; EGMs may likewise be held by VC/OAVM or items transacted by postal ballot under earlier circulars. The circular clarifies that this administrative allowance does not extend statutory timelines under the Companies Act, 2013, and noncompliant companies remain liable to legal action. Circulars Companies Law Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67811