August 19, 2020
Summary of the Circular issued by MCA on 17/08/2020
Application for extension of AGM by Companies whose Financial Year ended on 31st March, 2020
MCA has clarified that companies whose Financial Year ended on 31st March, 2020 and could not hold its AGM by 30th September, 2020, even with relaxations granted vide Circular No. 20/2020 dated 05/05/2020 to conduct AGMs via Other Audio Visual Means (OAVM) need to apply in Form GNL-1 to Registrar on or before 29.09.2020 to seek extension of time (for a period of three months) for holding the same.
MCA has not granted an umbrella extension for holding AGMs to companies whose Financial Year ended on 31st March, 2020.
The Registrar of Companies have been further advised to consider the applications made by each company liberally.