Corp affairs ministry allows companies to extend AGMs for up to 3 months

The firms will have to file an application to get an extension

The Ministry of Corporate Affairs has allowed more time for companies that were unable to hold their annual general meetings for the year ending March 31, 2020 despite earlier relaxations asking them to file an application with the registrar of companies for the same, a government circular said.

In a circular dated August 17, MCA has advised the registrar of companies to consider all such applications liberally in view of the hardships faced by the stakeholders. The RoC can give an extension upto a maximum period of three months.  

MCA said it had received several representations from the industry seeking