Ministry of Corporate Affairs has extended the time for holding an annual general meeting for financial year FY20 till December 31, 2020. Earlier, the deadline was scheduled to end on September 30, 2020.
According to the ministry, such will give relief to around 12 lakh companies.
The ministry said, “MCA is extending this timeline due to COVID-19 and Meeting the demand from various associations for extending time to hold AGM. This is for the first time that such relief generally is given to all companies.”
The ministry has also issued directions to RoCs to issue orders without the filing of formal application and payment of the fee. Even applications already filed but not approved or rejected are also covered for this relief.
