General order for extension of time to hold AGM for FY 2019-20


Quick Summary
This order grants an automatic three-month extension for companies to hold their Annual General Meeting (AGM) for the financial year ending 31 March 2020. This extension is due to difficulties faced by companies in holding AGMs because of the Covid-19 pandemic. Companies do not need to apply for this extension.

ROC/P/Sec 96/2020/414 Dated 08 Sep 2020 Order Extension of time for holding of Annual General Meeting (AGM) for the financial year ended on 31.03.2020 1. WHEREAS Sub-section (1) of Section 96 of the Companies Act, 2013 (the Act) provides inter-alia, that every company, other than a One
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FAQ :

This order grants an extension of time for companies to hold their Annual General Meeting (AGM) for the financial year ending 31 March 2020.

All companies, other than the first AGM, within the jurisdiction of the Registrar of Companies, Maharashtra, Pune, that are unable to hold their AGM for the financial year ended 31 March 2020 by the due date are eligible.

The extension is for a period of three months from the original due date by which the AGM ought to have been held.

No, companies do not need to file any application or prescribed Form GNL-1 to seek this extension.

This order also covers all pending applications filed in Form No. GNL-1 for the extension of AGM for the financial year ended 31 March 2020 that are yet to be approved. Approval for extension up to 3 months will be deemed granted.

 

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Notification No : ROC/P/Sec 96/2020/414
Published in Corporate Law

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