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As per the circular Companies can hold Annual General Meeting through Video Conference subject to fulfilment of following Conditions.
Video conferencing annual general meeting. 1 adoption of financial statement. 202020 dated 05th May 2020 and after due examination it has been decided to allow companies. In view of the continuing restrictions on the movement of persons at several places in the country MCA vide circular no.
A Digital Initiative of MCA May 7 2020 May 7 2020 SG Gupta As we all are aware with the ongoing circumstances of lockdown the impact of COVID-19 pandemic has brought about a new set of challenges for the Indian economy. 202020 dated 5th May 2020 has clarified that the companies are allowed to conduct Annual General Meeting AGM through Video Conferencing or other audio visual means due to lockdown or COVID-19 outbreak. View Press Release issued by Min of Corporate Affairs on 20052011.
As per Para 2 of Circular. General Circular No. The Ministry of Corporate Affairs MCA vide General Circular No.
MCA has prescribed certain additional guidelines which a company needs to follow to hold AGM through VC or OAVM in. For Companies which are required to provide the facility of e-voting under the Act or any other Company which has opted for such facility 1. HOLDING OF ANNUAL GENERAL MEETING THROUGH VIDEO CONFERENCING.
The Companies Act 2013 Act does not provide provisions of holding Annual General. MCA provides clarification on Extension of Annual General Meeting AGM for the Financial Year ended on 31st March 2020. Taking into consideration this situation the Ministry of Corporate Affairs MCA had provided a framework for conducting extra-ordinary general meeting of the company through VC or OAVM.
To facilitate the companies and businesses in India The Ministry of Corporate Affairs MCA has now allowed companies to hold their Annual General Meeting AGM by Video Conferencing VC or other audio visual means OAVM during the calendar year 2020 amidst the COVID-19 crisis. 202020 by video conferencing. MCA has issued a circular dated May 05 2020AGM Circular in.
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