Companies allowed to conduct EGMs through VC or OAVM till 30th September 2020

Companies allowed to conduct EGMs through VC or OAVM or transact items through postal ballot upto 30th September 2020. MCA Circular No.22/2020
 

Companies allowed to conduct EGMs through VC or OAVM till 30.09.2020

General Circular No. 22/2020

 
F.No. 02/01/2020-CL-V
Government of India
Ministry of Corporate Affairs
 
5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi-1
 
Dated: 15.06.2020
 
To
All Regional Directors,
All Registrar of Companies,
All Stakeholders,
 

Subject: Clarification on passing of ordinary and special resolutions by companies under the Companies , 2013 read with rules made thereunder on account of Covid-19 – Extension of time- reg

 
Sir/Madam,
 
This Ministry has issued General circular No. 14/2020 on 8th April 2020and General circular No. 17/2020 on 13th April, 2020 for providing clarifications on passing ordinary and special resolutions by companies by holding extraordinary general meetings(EGMs) through video conferencing (VC) or other audio visual means (OAVM) or passing of certain items only through postal ballot without convening general meeting. The framework provided in the said circulars allows to hold relevant EGMs or transact relevant business through postal ballots as per procedure specified therein, upto 30th June 2020 or till further orders, whichever is earlier. Requests have been received from the stakeholders for. extending the period upto which the framework provided in the aforesaid circulars may be utilized by the companies.
 
2. 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 aforesaid Circulars upto 30th September 2020. All other requirements provided in the said Circulars remain unchanged.
 
3. This issues with the approval of the competent authority.
 
Yours faithfully,
 
(KMS Narayanan)
Assistant Director (Policy)
 
Copy forwarded for information to:-E-Governance section.
 

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