Extension For Onlines EGMS

October 2020

The Ministry of Corporate Affairs (“MCA”) allowed convening of Extra-ordinary General Meetings (“EGMs”) on or before June 30, 2020 through Video Conferencing (“VC”) or any Other Audio-visual Means (“OAVM”) without the physical presence of any shareholder by General Circular 14/2020 and 17/2020 issued in April, 2020. The Companies Act, 2013 does not contain any provision with respect to convening general meetings through electronic mode.

Further, by General Circular 22/2020 issued on June 15, 2020, the deadline for convening EGMs through electronic mode was extended till September 30, 2020. Recently, by General Circular 33/2020 of September 28, 2020, the MCA has again extended the deadline till December 31, 2020. Please refer to our previous alerts for procedure and conditions pertaining to EGM through VC or OAVM available on https://www.psalegal.com/covid-19-mca-allows-convening-egms-electronically/ and https://www.psalegal.com/mca-clarification-on-online-egms/.

By:

Jaya Moorjani

 

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