DUE DATE OF AGM EXTENDED

The Ministry of Corporate Affairs has released

an Office Memorandum on 23rd September,

2021 whereby they have extended the due

date of AGM by 2 months.

Accordingly, ROCs are advised to release order for their respective jurisdictions, providing the extension for same.

Now, the Companies can hold their AGM 2 months beyond the date by which they are required to hold their AGM for the F.Y. 2020-21.

Interpretation of this extension:-

The period of 2 months is to be calculated keeping in view the provisions of Section 96(1), more specifically, the provision of maximum gap of 15 months between 2 AGMs.

No such extension is provided for first AGMs.

There's no need of filing form GNL-1 to seek extension of due date of AGM.

This extension shall covered the application if any, filed earlier in form GNL-1 which are pending/rejected/approved for a period of less than 2 months.