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New Delhi: In view of COVID-19 pandemic, the Ministry of Corporate Affairs (MCA), today extended the timeline for holding Annual General Meeting till December 31 from September 30.
The decision gives relief to around 12 lakh companies.
The ministry also issued directions to Registrar of Companies to issue orders without filing of formal application and payment of fee. Even applications already filed but not approved or rejected are also covered for this relief.
“MCA is extending this timeline due to COVID-19 and Meeting the demand from various associations for extending time to hold AGM. This is for the first time that such relief generally is given to all companies,” the Ministry stated.
– globalbihari bureau
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