Companies allowed to hold AGM till 30.09.2020 whose Financial year ended on 31.12.2019 due to COVID19
On account of difficulties arising in holding AGM due to COVID19, Companies whose Financial year (other than the First Financial year) has ended on 31st December, 2019, are allowed to hold their AGM for such financial year within a period of nine months from the closure of Financial year (i.e. by 30th September, 2020), the same shall not be viewed as a violation.
Note: However, Companies Act, 2013 allow a Company to hold its AGM within a period of six months from the closure of the Financial year (nine months in case of First Financial year).
Please find below the link of MCA Circular 18/2020 dated 21st April, 2020 for the same:
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