Is 31st December 2020 last date of AGM for every company?

• December 3, 2020
• CA Chandan Agarwal's Office

Several Companies were found difficult to hold their AGM for the Financial Year ended on 31.03.2020 due to difficulties faced in view of the Covid-19 Pandemic.

In View of the above common problem faced by companies, respective ROC’s in whose jurisdiction registered office is situated passed separate orders to extend the time to hold the AGM(http://www.mca.gov.in/MinistryV2/extensionofagm.html), other than the first AGM, for the Financial ended on 31.03.2020, a period of 3 months from the due date by which the AGM ought to have been held in accordance with the provisions of sub-section (1) to section 96 of the Act.

Now, there is general misconception is that the last due date of AGM is 31.12.2020 after adding of 3 months as per such orders as due date of AGM was 30.09.2020. But this is partially true, for better understanding for due date of AGM we have look on the section 96(1) of the Company Act,2013;

“96. (1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Read more on: https://taxguru.in/company-law/31st-december-2020-date-agm-company.html