MCA Update – Clarification on holding of Annual General Meeting (AGM) and EGM through Video Conference (VC) or Other Audio Visual Means (OAVM) and passing of Ordinary and Special resolutions by the companies under the Companies Act, 2013 read with Rues made thereunder -Extension of timeline-reg.

Extension for AGMs:Companies whose AGMs are due in the years 2024 or 2025 are now permitted to conduct their AGMs through VC or OAVM. This extension applies to AGMs scheduled for or before 30th September 2025.
No Extension of Statutory Time:
An essential clarification is included in the circular: it does not extend the statutory time for holding AGMs as per the Companies Act, 2013. Companies failing to adhere to the statutory timelines are still liable to face legal action under the appropriate provisions of the Act. This emphasizes the importance of compliance.

Extension for Extraordinary General Meetings (EGMs): 

In addition to AGMs, the circular also extends the provision for conducting Extraordinary General Meetings (EGMs) through VC or OAVM. Companies can transact items through postal ballots as per the framework provided in the relevant Circulars. This extension applies up to 30th September 2025, maintaining consistency with the AGM extension.
Link- https://www.mca.gov.in/bin/dms/getdocument?mds=4C8ofg1qraQ0BIj5Bx1IJw%253D%253D&type=open