holding of AGMs

MCA has issued a circular dated 21st April, 2020 allowing companies whose financial year ending is on 31st December, 2019 to hold their AGMs upto 30th September, 2020. Otherwise they would have to hold their AGMs by 30th June, 2020 i.e. 6 months from the close of the financial year. This is because of the covid crisis, the offices are all under lockdown since mid March and the audit of those companies is still pending. So this is a good proactive move by MCA instead of asking companies to file for extension of time to hold AGM. MCA circular is given below

Click to access Circular18_21042020.pdf

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