Coronavirus crisis: Govt allows companies to hold annual general meetings through video conferencing mode

The government has allowed companies to conduct annual general meetings this year through video conferencing and other audio-visual means amid the coronavirus pandemic.

In the wake of the pandemic and subsequent nationwide lockdown, that have disrupted economic activities, the ministry, which is implementing the companies law, has been providing various relaxations in terms of compliances from time to time.

“On account of need for continuous adherence to the social distancing norms and restrictions placed on movement of persons, it has become necessary and hence it has been decided to allow companies to hold their AGM by video conferencing or other audio visual means during the calendar year 2020,” it said in a release on Tuesday.