As per section 96(1) of Companies Act, 2013 every company is required to hold its Annual General Meeting (“AGM”) within 6 months* from the end of every financial year, i.e., 30th September of the subsequent financial year to consider and approve its financials.
In the view of the representations received by Ministry of Corporate Affairs (“MCA”) seeking extension of time in Holding AGM citing challenges faced by companies due to second wave of Covid-19 and subsequent lockdown restrictions.
Ministry of Corporate Affairs of India has issued an order extending the due date to conduct Annual General Meeting by two months from 30th September, 2021 to 30th November, 2021.
*For a company holding its first AGM, it is required to be done within 9 months from end of financial year i.e,31st December of subsequent financial year.
Due date to hold AGM by companies has been extended from 30th September, 2021 to 30th November, 2021 (i.e., two months) for Financial Year ending 31st March, 2021.
