MCA directs RoCs to extend the due date of AGM for F.Y. ending March 31, 2020- 2021 by two months
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- Last Updated on 6 April, 2022
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The Central Government has received representation seeking extension of Annual General Meetings for Financial Year 2020-21 citing many difficulties faced by stakeholders during the second wave of Covid-19 and consequent lockdown etc., accordingly, the Central Government has decided to advise Registrar of Companies (RoCs)to accord approval for extension of time for a period of two months beyond the due dates by which companies are required to conduct AGMs for the financial year 2020-21 ended on March 31, 2021. The Govt. has also prescribed a standard template for the order to be issued by RoCs u/s 96(1) of the Companies Act, 2013 for granting of an extension of time for conducting of AGM for the Financial year 2020-21 ended on 31.03.2021.
As per the third proviso to section 96(1) of the Companies Act, 2013, the Registrar of Companies may, for any special reason, extend the time within which any annual general meeting other than the first annual general meeting, shall be held, by a period not exceeding three months.
The due date for holding the AGM by the corporate entities and laying down their annual audited financial statements for the FY 2020-21 was 30.9.2021. Now, once the order for extension of the AGM due date is issued by the respective RoCs, the revised due date for holding of AGM would be 30.11.2021 i.e. would be extended by a period of two months.
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