Extension of time limit for holding AGM for the Financial Year 2020-21
The MCA has extended the time limit for holding of Annual General Meeting (AGM) for the Financial Year ending on 31st March 2021 vide Office Memorandum CL-II-03/252/2021- O/o DGCoA-MCA dated September 23, 2021. The Office Memorandum is as follows:
- The Central Government has received representations seeking extension of time for holding Annual General Meeting ("AGM") for the financial year 2020-21 ending on March 31 2021 citing many difficulties faced due to the second wave of Covid-19 and consequent lockdowns etc.
- Accordingly, it has been decided to advise the Registrar of Companies (RoCs) to accords approval for extension of time for a period of two months beyond the due date by which companies are required to conduct their AGM for the financial year 2020-21 ended on March 31, 2021.
- Kindly find enclosed a copy of the standard template for the order to be issued by RoCs under the third proviso to sub-section (1) of section 96 of the Companies Act, 2013 ("the Companies Act") for granting an extension of time for conducting of AGM for the financial year 2020-21 ended on March 31, 2021.
- Please take this action with utmost urgency and issue the order before the close of the office today and forward the copy of the order to this office before for consolidation and uploading it on the MCA21 website. Also, display this order on the Notice Board of your respective office.
