a) MCA vide general circular no. 22/2020 dated June 15, 2020 has issued Clarification on passing of ordinary and special resolutions by companies under the Companies act, 2013 read with rules made thereunder on account of Covid19.
b) The Ministry has issued General circular No. 14/2020 on 8th April, 2020 and General circular No. 17/2O2O on 13th April, 2020 for providing clarifications on passing of ordinary and special resolutions -by companies by holding extraordinary general meetings (EGMs)'through video conferencing (VC) or other audio visual means (OAVM) or passing of certain items only through postal ballot without convening general meeting. The framework provided in the said circulars allows companies to hold relevant EGMs or transact relevant business through postal ballots as per procedure specified therein, upto 30 June' 2020 or till further orders whichever is earlier. Requests have been received from the stakeholders for extending the period upto which the framework provided in the aforesaid circulars may be utilized by the companies.
c) MCA has been examined and it has been decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided in the aforesaid Circulars upto 30th September, 2O2O. AII other requirements provided in the said Circulars remain unchanged.
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