{"id":139354,"date":"2024-09-21T18:25:07","date_gmt":"2024-09-21T18:25:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/21\/government-extends-virtual-agm-egm-facility-for-companies-till-september-2025\/"},"modified":"2024-09-21T18:25:07","modified_gmt":"2024-09-21T18:25:07","slug":"government-extends-virtual-agm-egm-facility-for-companies-till-september-2025","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/21\/government-extends-virtual-agm-egm-facility-for-companies-till-september-2025\/","title":{"rendered":"Government extends virtual AGM, EGM facility for Companies till September 2025"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"899\" src=\"https:\/\/i2.wp.com\/img.etimg.com\/photo\/msid-113557419,imgsize-1279853.cms?fit=1200,899&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Government extends virtual AGM, EGM facility for Companies till September 2025\" title=\"Government extends virtual AGM, EGM facility for Companies till September 2025\" \/><\/div>\n<div data-brcount=\"14\">The <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/corporate-affairs-ministry\" target=\"_blank\" rel=\"noopener\">corporate affairs ministry<\/a> (MCA) has permitted companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through videoconferences or other audiovisual means for one more year till September 2025.<\/p>\n<p><style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:1-->In a circular, the ministry also said that companies are allowed to transact stipulated items through <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/postal-ballots\" target=\"_blank\" rel=\"noopener\">postal ballots<\/a> until next September.<\/p>\n<p>&#8220;However, it is hereby clarified that general circular shall not be construed as conferring any extension of statutory time for holding of AGMs by the companies under the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/companies-act\" target=\"_blank\" rel=\"noopener\">Companies Act<\/a>, 2013 and the companies which have not adhered to the relevant statutory timelines shall be liable to legal action under the appropriate provisions of the Act,&#8221; the circular said.<\/p>\n<p>Virtual meetings have proved to be time-efficient, cost-effective and accessible for stakeholders, especially the smaller ones, said Prakhar Mithal, advocate at Kings &amp; Alliance LLP. <\/p>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:2--><\/p>\n<div class=\"orn_free_r pos_a font_mon custom_ad\">\n<div data-grx-impression=\"Article Recommendations - Edit RHS#articleshow_inline_impression#news\/india\/government-extends-virtual-agm-egm-facility-for-companies-till-september-2025 | \" class=\"arwd_ld_chk orn_r_lhs hide\">\n<div class=\"orn_r_wrp\">\n<p><span>RECOMMENDED<\/span><span>STORIES FOR YOU<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><!--\/article_recommendations_wd.cms?msid=113557419&wd_type=outer&art_seo=news\/india\/government-extends-virtual-agm-egm-facility-for-companies-till-september-2025potime:93--><br \/>&#8220;It&#8217;s high time that the VC (venture capital) option is formally introduced instead of merely extending the Covid-era circular, recognising it as a permanent alternative in today&#8217;s <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/corporate-governance\" target=\"_blank\" rel=\"noopener\">corporate governance<\/a> landscape,&#8221; Mithal said.The ministry had first allowed companies to undertake such crucial meetings through the electronic mode in the wake of the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/covid-19-pandemic\" target=\"_blank\" rel=\"noopener\">Covid-19 pandemic<\/a> in 2020. It has since extended the relief periodically.<\/p>\n<p><style><![CDATA[\n    \t    #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;}\n    \t    .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px}\n    \t    #sr_widget.onDemand .sr_desc{margin:0 auto 0;}\n    \t    #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;}\n    \t    #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important}\n    \t    #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%}\n    \t    #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}\n    \t]]><\/style>\n<p><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/government-extends-virtual-agm-egm-facility-for-companies-till-september-2025\/articleshow\/113557419.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The corporate affairs ministry (MCA) has permitted companies to hold their annual general meetings (AGMs) and extraordinary general meetings (EGMs) through videoconferences or other audiovisual means for one more year till September 2025. In a circular, the ministry also said that companies are allowed to transact stipulated items through postal ballots until next September. &#8220;However, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":139355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-113557419,imgsize-1279853.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[29823,771,62786,56202,90235,107482,24640,17237,111301,6068,20588,3954,111303,43063,111302,8023,111300],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139354"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=139354"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139354\/revisions"}],"predecessor-version":[{"id":139356,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/139354\/revisions\/139356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/139355"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=139354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=139354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=139354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}