What is the due date of AGM for 2020?

What is the due date of AGM for 2020?

2020 i.e. DUE DATE + 3 MONTHS. In this case as per the rule i.e (15 months from the date of last annual general meeting or 6 months from the date of closure of financial year whichever is earlier) the due date of AGM to be held for the financial year 2019-2020 will be 31.08.

What is the AGM and annual report?

An annual general meeting (AGM) is a yearly gathering of a company’s interested shareholders. At an AGM, the directors of the company present an annual report containing information for shareholders about the company’s performance and strategy.

Is AGM due date extended?

Ans. Due to the outbreak of COVID-19 the RoCs have allowed a common extension for all companies, to hold AGM till the end of three months from the due date of AGM which is the maximum extension that can be granted under Section 96, so the extension of time limit beyond the already extended time period is not possible.

What is the notice period for an AGM?

21 days
Procedure to Hold an AGM The company must give a clear 21 days’ notice to its members for calling the AGM. The notice should mention the place, the date and day of the meeting, the hour at which the meeting is scheduled.

Can AGM be held on 31.12 2020?

2020 can conduct their AGM by 31.12. But If Company’s AGM due date falls on 1st September then it can held AGM by 1st December. There is no need of separate application in form GNL-1 for extension.

Can AGM be held through video conferencing?

As per para 1, whatever AGM of Companies falling in calendar year 2020 and 2021. They can hold such AGM through Video Conferencing.

Is there any extension of AGM?

Therefore, it can be concluded that Companies must hold the AGM till 31st December 2020. If they are unable to hold the AGM till 31st December 2020, then this shall be considered as a non-compliance with Section 96 of the Companies Act, 2013.

Is MCA due date extended?

“On account of requests for further extension of timelines… it has been decided to grant additional time up to 31st August 2021 to companies/LLPs to file forms under the Companies Act, 2013/LLP Act 2008, which were/are due for filing during 1st April 2021 to 31st July 2021 without any additional fees,” the MCA said …

Can we apply for AGM extension?

E-form GNL-1 requires copy of Board Resolution and detailed application with reasons, seeking extension of AGM as its attachment hence all companies are required to issue notice convening Board meeting and accordingly convene meeting of board of directors of the Company before filing of Eform GNL-1.

How can I go to AGM through VC?

Shareholder will be provided with a facility to attend the EGM/AGM through VC/OAVM through the CDSL e-Voting system. Shareholders may access the same at https://www.evotingindia.com under shareholders/members login by using the remote e- voting credentials.

How often does an AGM have to be held?

Every company is required to hold an AGM within 18 months of incorporation and then every year thereafter. The company’s financial statements are passed around at the AGM so it’s important to note that 15 months shouldn’t elapse between AGMs.

Can AGM be held on 31st December?

Although the MCA has now allowed AGMs to be conducted through VC on or before December 31, 2021, it has in the latest circular made it clear there is no blanket extension this time round for companies, especially for those that had to conduct AGMs by December 31, 2020.

How do I extend my AGM date?

Pass a Board resolution for extension of time limit for holding annual general meeting; The application to the Registrar of Companies shall be made in Form No – GNL1. Application must be made before the due date of the annual general meeting; The registrar shall examine the application and may grant an extension.

Is DPT-3 date extended?

That means LLP Form 11 can be filed without any additional fees till 31st August, 2021. 2021). Also, the due date for filing Form DPT-3 & Form CFSS is extended to 31st August, 2021. However, Form CHG-1, Form CHG-4 and Form CHG-9 are excluded from such relaxation.

What is DPT-3 annual return?

Every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to 31st March, 2019, as specified in Form DPT-3 within “ninety days from 31st March, 2019” …

What is the procedure for extension of AGM?

Procedure to seek extension of time for holding annual general meeting is as follows:

  1. Convene a Board Meeting;
  2. Pass a Board resolution for extension of time limit for holding annual general meeting;
  3. The application to the Registrar of Companies shall be made in Form No – GNL1.