MCA further allows conducting AGMs/EGMs by through video conferencing (VC) or other audio visual means (OAVM)
Ministry of Corporate Affairs at several occasions clarified about holding Annual General Meetings/Extra-ordinary General Meetings through video conferencing (VC) or other audio visual means (OAVM). The circulars issued in this regard are General Circular No. 20/2020 dated 05.05.2020, General Circular No. 02/2022 dated 05.05.2022, General Circular No. 10/2022 dated 18.12.2022, General Circular No. 09/2023 dated 25.09.2023 and General Circular No. 09/2024 dated 05.05.2024.
The MCA has now issued General Circular No. 03/2025 dated 22.09.2025 to further allow the companies to hold AGMs/EGMs through VC or OAVM till further orders as per conditions contained in para no. 3 & 4 of the Circular No. 20/2020.
It has been clarified that the General Circular No. 03/2025 shall not be construed as conferring any extension of statutory time for holding of AGMs by the companies under the Companies Act, 2013 and the companies which have not adhered to the relevant statutory timelines shall be liable to legal action under the appropriate provisions of the Act.
Further, in continuation to General Circular No. 14/2020 dated 08.04.2020, General Circular No. 03/2022 dated 05.05.2022 and General Circular No. 11/2022 dated 28.12.2022, General Circular No. 09/2024 dated 19.09.2024, MCA has decided to allow companies to conduct their EGMs through video Conference (VC) or other Audio Visual Means (OAVM) or transact items through postal ballot in accordance with framework provided in the aforesaid Circulars till further orders. All other requirements provided in the above circular shall apply.
Under percentage completion method, selling/Admin costs are allowable despite no revenue declared as per guidance note of ICAI. In a…
AO cannot use reverse computation of gross payment using TDS amount to determine the amount disallowable u/s 40(a)(ia) - ITAT…
Once loans were repaid in subsequent assessment years with cogent evidences then the addition u/s 68 of the Income Tax…
Viksit Bharat Guarantee for Rozgar & Ajeevika Mission (Gramin), In short VB-GRAM-G notified Government has notified Viksit Bharat Guarantee for…
Once PCIT restores assessment to AO for denovo consideration, AO is obliged to independently apply mind without influenced by the…
When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…