Holding AGM through video conference or other audio visual means
1. In continuation to this Ministry’s General Circular No. 20/2020 dated 05.05.2020, General Circular No. 02/2022 dated 05.05.2022, General Circular No. 10/2022 dated 28.12.2022 and General Circular No. 09/2023 dated 25.09.2023 and General Circular No 09/2024 dated 19/09/2024 and after due examination, it has been decided to allow companies to conduct their AGMs through VC or OAVM till further orders.
Virtual AGMs should be conducted in accordance with requirements of Para 3 & 4 of General Circular 20/2020 dated 05/05/2020.
The circular also clarified that, this circular should not be construed as extension of time for holding AGM and AGMs should be hold within relevant timelines.
Can companies conduct EGM through Video Conference (VC) or Other Audio Visual Means (OAVM)?
Further, In continuation to this Ministry’s General Circular No. 20/2020 dated 05.05.2020, General Circular No. 02/2022 dated 05.05.2022, General Circular No. 10/2022 dated 28.12.2022 and General Circular No. 09/2023 dated 25.09.2023 and General Circular No 09/2024 dated 19/09/2024 and after due examination, it has been decided to allow companies to conduct their AGMs through VC or OAVM till further orders. All other requirements provided in the said Circulars shall remain unchanged.
The MCA is extending the time line since 2020 for every year. Considering the ease of doing business MCA should permanently allow AGM/EGM through e-mode.
