Corporate & Commercial updates

India

Contributed by Clasis Law
MCA temporarily allows virtual AGMs: help or hindrance?
  • India
  • 21 September 2020

In view of the COVID-19 pandemic and continuing restrictions on the movement of individuals, the Ministry of Corporate Affairs (MCA) recently issued a circular allowing companies to convene their annual general meeting (AGM) through videoconferencing or other audiovisual means (ie, electronically). With AGMs around the corner, it will be interesting to see how companies will hold virtual AGMs in practice and whether companies and their members will welcome the MCA's relaxations.


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