The Ministry of Corporate Affairs vide circular dated 25.09.2023 has issued a Clarification on hording of Annual General Meeting (AGM) and EGM through video conference or other Audio visual. it has been decided to allow companies whose AGMs are due in the Ycar 2023 or 2024, to conduct their AGMs through VC or OAVM on or before 30th September, 2024.
However, it is hereby clarified that General Circular shall not be construed as conferring any extension of statutory time for holding of AGMs by the companies under the Companies Act, 2013 and the companies which have not adhered to the relevant statutory timelines shall be liable to legal action under the appropriate provisions of the Act.
