Summary of the MCA Circular 25/09/2023
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MCA issues a clarification on holding the AGMs and EGMs through Video Conference or OAVM and passing of the resolutions by the companies.
1. In continuation to the Ministry’s general circulars dated 05.05.2020, 28.12.2022, MCA has issued a clarification vide the said Circular to allow the companies whose AGMs are due in the Year 2023 or 2024, to conduct their AGMs through VC or OAVM on or before 30th September 2024. However, the same shall not be construed as an extension and legal action shall be taken for not adhering to the relevant statutory timelines.
2. In continuation to the general circulars dated 08.04.2020, 05.05.2020 and 28.12.2022, the Circular clarifies allowing EGMs to be conducted through VC or OAVM on or before 30th September 2024 or transact items through postal ballot.
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