Of Holding of AGM explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
MCA has issued circular on Clarification on Holding of AGM through VCvide No. 02/2021 dated January 13, 2020 in respect of Annual General Meeting. Many queries received from professionals in whatsapp group “Gyan Gurukul” in respect of this circular like followings:
- “Whether AGM can be held even after December 31, 2020?”
- “Whether this circular is only for the f.y. 2019-20 or 2020-21?”
As per Para 1 of Circular:
Companies whose Annual General Meetings were due in Calendar Year 2020 and whose AGM shall be due in Calendar Year 2021 can hold their Annual General Meeting through Video Conferencing or other audio-Visual means.
As per Para 2 of Circular:
MCA has clarified in para 2 that this circular is nowhere granting any extension for holding of Annual General Meeting after due date.
Whether AGM can be held even after December 31, 2020?
As per para 2, date of holding of AGM is not extended. If Companies fails to hold AGM till due date, they are liable for legal action under Companies Act, 2013.
Whether this circular is only for the f.y. 2019-20 or 2020-21?
As per para 1, whatever AGM of Companies falling in calendar year 2020 and 2021. They can hold such AGM through Video Conferencing.
Which Companies are falling under this Circular?
All the Companies incorporated under Companies Act, 2013 can take benefit of this circular and hold their AGM through Video Conferencing till December 31, 2021.
Disclaimer: The entire contents of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.
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[1] http://www.mca.gov.in/MinistryV2/extensionofagm.html
Key Facts About Of Holding of AGM
- Applies in: All states across India, under the relevant central law.
- Mode: Mostly online via the official government portal.
- Typical timeline: Ranges from a few days to a few weeks depending on the case.
- Non-compliance: May attract penalties, interest or late fees.
- Expert help: TaxClue completes the entire process end to end for you.
What is of Holding of AGM?
Of Holding of AGM is an important compliance and legal topic for businesses and individuals in India. This guide explains its meaning, applicability and key requirements in simple language so you can understand and stay fully compliant.
Who needs to know about of Holding of AGM?
Business owners, startups, professionals, and taxpayers dealing with of Holding of AGM should understand the applicable rules. Requirements can vary by turnover, entity type and activity, so it is best to confirm your specific case before proceeding.
Over 90% of compliance penalties in India arise from missed due dates — timely handling can save businesses thousands of rupees each year.
Of Holding of AGM: a key compliance topic in Indian tax and corporate law that businesses and individuals must understand to remain compliant.
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Why This Matters
Staying compliant with Indian regulations protects your business from penalties, interest and unnecessary legal trouble. It is always wise to maintain proper records and documentation so that any future scrutiny can be handled smoothly. Rules and thresholds in compliance are revised periodically, so it helps to review your obligations at the start of each financial year. Professional guidance from a qualified CA, CS or advocate ensures that filings are accurate and submitted well before the due date.
Small businesses and startups especially benefit from setting up a simple compliance calendar to track recurring deadlines. Government portals now allow most applications and filings to be completed online, reducing paperwork and turnaround time.