23/09/2021
of time for holding of Annual General Meeting (AGM) for the Financial year ended on 31.03.2021
The Ministry has released an Office Memorandum on 23rd September 2021 regarding the extension of the due date of AGM by 2 months. Accordingly, the MCA has advised the ROCs to release orders for their respective jurisdictions, providing for the extension of the due date of AGM by 2 months beyond the date by which companies are required to hold their AGM for the F.Y. 2020-21.
Points of consideration
1. The due date is not extended upto 30th November 2021 for all Companies. It is only for those Companies whose due date of conducting AGM is 30th September 2021.
2. The period of 2 months is to be calculated keeping in view the provisions of Section 96(1), more specifically, the provision of the maximum gap of 15 months between 2 AGMs.
3. No such extension is provided for the first AGMs.
4. There's no need of filing form GNL-1 to seek an extension of the due date of AGM.
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