MCA extends time period for holding EGM through VC/OAVM till September 30

This Ministry of corporate affairs (MCA) on Monday has extended the period for conducting extra ordinary general meeting (EGM) through Video conferencing or other audio video means up to September 30 2020. 

MCA extends time period for holding EGM through VC/OAVM till September 30

 MCA had earlier allowed all EGM’s of the companies up to June 30, 2020, to be conducted through video conferencing (VC) or other audio visual means (OAVM) on account of the ongoing nation-wide lockdown and social distancing due to covid-19


The ministry said requests have been received from the stakeholders for extending the period up to which the framework provided in the earlier circulars may be utilized by the companies.

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“The matter has been examined and it has been decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the earlier circulars up to 30th September,2020 All other requirements provided in the said Circulars remain unchanged.”,MCA further said.

CLICK HERE TO READ THE FULL TEXT OF MCA NOTIFICATION

 

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