{"id":74821,"date":"2023-09-26T18:50:02","date_gmt":"2023-09-26T13:20:02","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=74821"},"modified":"2024-05-22T16:37:10","modified_gmt":"2024-05-22T11:07:10","slug":"clarification-on-agm-egm-and-resolutions-via-vc-oavm-under-companies-act-2013","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/clarification-on-agm-egm-and-resolutions-via-vc-oavm-under-companies-act-2013\/","title":{"rendered":"Clarification on AGM, EGM, and Resolutions via VC\/OAVM Under Companies Act, 2013"},"content":{"rendered":"

The clarification has been issued in continuation to the Ministry’s General Circular No. 20\/2020 dated 05.05.2020, general Circular No. 02\/2022 dated 05.05.2023, and General Circular No. 10\/2022 dated 28.12.2022. After a thorough examination, the Ministry decided to permit companies whose AGMs are due in the year 2023 or 2024 to conduct their AGMs through VC or OAVM on or before 30 September 2024, as per the requirements prescribed in Para 3 and 4 of the General Circular No. 20\/2020 dated 05.05.2020.<\/p>\n\n\n\n

It has been further clarified that the General Circular shall not be considered as conferring any extension of statutory time for conducting AGMs by companies under the Companies Act, 2013<\/a><\/strong>, and the companies which have not stuck to the relevant statutory timelines shall be liable to legal action under the appropriate provision of the Act.<\/p>\n\n\n\n

Further, it has been decided to allow companies to conduct their EGMs through Video Conference or OAVM or transact items through postal ballot as per the framework provided in the General Circular No. 14\/2020 dated 08.04.2020, General Circular No. 03\/2022 dated 05.05.2022 and General Circular No. 11\/2022 dated 28.12.2022. It shall be applicable up to 30 September 2024. The rest of the requirements provided in the said Circular shall remain unchanged. This circular has been issued after the approval of the competent authority.  <\/p>\n\n\nClarification-on-AGM-EGM-and-Resolutions-via-VCOAVM-Under-Companies-Act-2013
<\/a>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The clarification has been issued in continuation to the Ministry’s General Circular No. 20\/2020 dated 05.05.2020, general Circular No. 02\/2022 dated 05.05.2023, and General Circular No. 10\/2022 dated 28.12.2022. After a thorough examination, the Ministry decided to permit companies whose AGMs are due in the year 2023 or 2024 to conduct their AGMs through VC […]<\/p>\n","protected":false},"author":61,"featured_media":74865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2438],"tags":[],"acf":{"service_id":"69"},"yoast_head":"\nClarification on AGMs, EGMs, and Virtual Resolutions Under Companies Act, 2013<\/title>\n<meta name=\"description\" content=\"General Circular shall not be considered as conferring any extension of statutory time for conducting AGMs by companies under the Companies Act, 2013.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/clarification-on-agm-egm-and-resolutions-via-vc-oavm-under-companies-act-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarification on AGMs, EGMs, and Virtual Resolutions Under Companies Act, 2013\" \/>\n<meta property=\"og:description\" content=\"General Circular shall not be considered as conferring any extension of statutory time for conducting AGMs by companies under the Companies Act, 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/clarification-on-agm-egm-and-resolutions-via-vc-oavm-under-companies-act-2013\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-26T13:20:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-22T11:07:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2023\/09\/Clarification-on-AGM-EGM-and-Resolutions-via-VCOAVM-Under-Companies-Act-2013-min.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"441\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Monisha Chaudhary","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/04\/Monisha-Chaudhary-150x150-1.jpg","authorDescription":"Monisha Chaudhary is a distinguished partner at Enterslice with 10+ years of relevant industry experience in company incorporation, fintech, regulatory compliance, insurtech consulting, and M&A. Her creative thought process pushes her to draft excellent writeups. Besides effortlessly tackling business challenges, she invests her free time in writing blogs and articles.","postViews":397,"readingTime":1,"nextPost":{"id":74663,"slug":"e-commerce-company-audit-checklist"},"prevPost":{"id":74791,"slug":"e-commerce-due-diligence"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2023\/09\/Clarification-on-AGM-EGM-and-Resolutions-via-VCOAVM-Under-Companies-Act-2013-min.jpg","postTerms":"Legal","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/74821"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=74821"}],"version-history":[{"count":6,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/74821\/revisions"}],"predecessor-version":[{"id":74866,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/74821\/revisions\/74866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/74865"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=74821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=74821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=74821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}