ISO Certified Premium Startup Consultancy Company
ISO Certified Premium Startup Consultancy Company
Extension of 3 months for holding AGM by Companies following FY 1st January 2019 to 31st December 2019
Due to the difficulties being faced from the lockdown of COVID-19 and for maintaining the social distancing, MCA has extended the time frame for conducting Annual General Meetings by the Companies, which are following Financial Year as 1st January to 31st December. Now the revised due date is September 30, 2020, in place of June 30, 2020.
The MCA has increased due date for holding Annual General Meeting for companies whose financial year ended on 31st December 2019. This ease is notified vide General Circular No. 18/2020 on 21st April 2020.
Companies Act provision:
According to provision of holding of annual general meeting every company shall hold its first AGM within a period of 9 months from the termination of first financial year and afterwards within 6 months from the closure of the financial year and not more than 15 months shall expire between two AGM.
As per Section 2 (41) of the Companies Act, 2013, every company is required to follow Financial Year commencing from 01 April to 31 March of the following year. But In case of companies or body corporate, which is a holding company or a subsidiary company or associate company of a company formed outside India and is required to follow a different financial year for consolidation of its accounts outside India, may make an application to Central Government and upon approval can follow such different financial year.
NeuSource can be your partner from registering your business to compliance management and ultimately making your startup a success organization. Lockdown cannot lock us at our homes but could not restrict us from taking care of your compliances. Be complaint in this lockdown also, only with NeuSource.
For more information contact us on given communication details, Email Id Swati@neusourcestartup.com and Phone Number 9540026175.
The NeuSource Startup Mind is the finest business startup consultant that offers various services of compliances along with the registration like Proprietorship Firm compliances, Partnership Firm compliances, LLP compliances, Company compliances, GST compliances etc.
23 Apr
To start a new business is easy, but to make it successful is difficult . So For success, choose the best." Be compliant and proactive from the beginning and choose NEUSOURCE as your guidance partner.
