Clarification on passing of Ordinary and Special resolutions by the companie– MCA clarifies that it has allowed 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 up to 30th June, 2022. All other requirements provided in the said Circulars shall remain unchanged.
The MCA’s Circular No. 20/2020 dated 5th May, 2020 has allowed the companies to hold Annual General Meeting (AGM) in a manner similar to EGM Circular- l & II which deal with conduct of Extraordinary General Meeting (EGM) and by virtue of the same the companies have been allowed the holding of Annual General Meeting (AGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
File No. Policy-17/57/2021-CL-MCA
Government of India
Ministry of Corporate Affairs
5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi 110001
General Circular No. 20/2021 | Dated: 08.12.2021
To,
The DGCoA,
All Regional Directors,
All Registrar of Companies, All Stakeholders.
Subject: Clarification on passing of Ordinary and Special resolutions by the companies under the Companies Act, 2013 read with rules made thereunder on account of COVID-19-Extention of timeline-reg.
Sir/ Madam,
In continuation to this Ministry’s General Circular Nos. 14/2020 dated 08.04.2020, 17/2020 dated 13.04.2020, 22/2020 dated 15.06.2020, 33/2020 dated 28.09.2020 and 39/2020 dated 31.12.2020 and 10/2021 dated 23.06.2021 and after due examination, it has been 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 up to 30th June, 2022. All other requirements provided in the said Circulars shall remain unchanged.
2. This issues with the approval of the Competent Authority.
Yours faithfully,
(KMS Narayanan)
Deputy Director
Tel.: 011-2338-7263
Copy to:
1. e-Governance Section and Web Content officer to place the Circular on MCA Website.
2. Guard File
