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.
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