Speed Post News Network
New Delhi : A big relief was given by Ministry of Corporate Affairs (MCA) to around 12 lakh companies on September 8, 2020, by extending the timeline for holding Annual General Meeting (AGM) till December 31 from September 30, 2020.
MCA issued directions to RoCs 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, according to a PIB release.
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.