– AGM can now be held through video conferencing (VC) or other audio visual means (OVAM) till 31 December 2021 .
Can an AGM be held by video conference?
As per para 1, whatever AGM of Companies falling in calendar year 2020 and 2021. They can hold such AGM through Video Conferencing .
Can AGM be held through video conferencing as per Companies Act, 2013?
Section 96 of the Companies Act, 2013 is the governing Section of Calling, manner of conducting and time period of conducting Annual General Meeting. The Section not permitted the Companies to call and conduct the Meeting through video conferencing or other audio-visual means.
Can AGM be conducted through zoom?
Polling is possible through Zoom ; but consider accessibility. Set up your polls in advance, ensure they’re set to ‘Single choice’ and give members the option to vote For, Against or Abstain.
Can board meeting be held through video conferencing?
Board Meeting through Video conferencing (V.C) provides many advantages to the Companies, Directors, and Senior Management, some of them are Flexibility , Convenience, Minimal to no Paperwork, Savings in Travel Expenses.
Is an AGM a legal requirement?
An AGM is a legal requirement for all public companies in all major jurisdictions , though privately-owned companies are not held to such strict requirements. ... An AGM may be waived in some jurisdictions, only if a written resolution is passed. The resolution must be unanimously approved and signed by all members.
Which company is not required to hold AGM?
All companies except one person company (OPC) should hold an AGM after the end of each financial year. A company must hold its AGM within a period of six months from the end of the financial year.
Can you hold AGM online?
The meetings are held entirely online . Virtual AGMs create a platform where shareholders or members can partake in annual meetings without travelling to one location. Other than their location, the structure of the meetings, as well as the schedule remains the same as in-person AGMs.
Which power is exercised in board meetings?
The board of directors is the highest authority in any company. According to Section 179, Companies Act 2013, the power of directors of a company – entitled to make any and all decisions, and thus exercise all the power , which the company has authority to enact.
Is it compulsory for a company secretary to attend board meeting?
In particular, their duties normally include arranging board meetings . Secretaries must convene a meeting of the board of directors if any director asks for one.
Does an AGM have to be held every year?
According to the Companies Act 2014 and as the name suggests, AGM’s are held once every calendar year . Every company is required to hold an AGM within 18 months of incorporation and then every year thereafter.
When must AGM be held?
A company must hold its AGM within a period of six months from the end of the financial year . However, in the case of a first annual general meeting, the company can hold the AGM in less than nine months from the end of the first financial year.
Can AGM be held without accounts?
You could hold the annual general meeting without laying the accounts , then lay the accounts later at a general meeting. Accounts are normally laid at an AGM (if they are laid), but subject to anything to the contrary in the articles it is permitted to lay them at a general meeting.
