CS Divesh Goyal
Quick Summary
Short Summary In this editorial, the author shall discuss the Quick bites on Holding of the AGM through Video Conferencing. In this editorial we have attempted to clarify all those questions relating to Holding of the AGM through Video Conferencing. To facilitate, the companies and businesses
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FAQ :
All companies, including OPC, Small, Private, Public, Listed, Section-8, and Nidhi companies, can hold their AGM through Video Conferencing for financial years ending in 2019/2020 or 2020/2021.
AGMs can be held through Video Conferencing in the calendar years 2020 and 2021, generally covering the financial years 2019-20 and 2020-21.
Yes, a company like a Private Company can conduct its AGM through video conferencing if it has the email addresses of at least half of its members, representing not less than 75% of the paid-up share capital that grants voting rights.
Due to difficulties in physical dispatch, financial statements and other required documents are sent only via email to members, debenture holders, and other entitled persons.
No, the provision for Video Conferencing requires both audio and video. A member cannot join using only a single mode.
No, proxies are not permitted to attend AGMs held through Video Conferencing.
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