Extension of Time under Company Law
Clarification on passing of ordinary and special resolutions under the Companies Act 2013
The Ministry of Corporate Affairs has issued a clarification, vide General Circular No. 10/2021 dated 23rd June 2021, on passing of ordinary and special resolutions by companies under the Companies Act, 2013 read with rules made thereunder on account of Covid-19 and has thus, decided to allow companies to conduct their EGMs through VC or OAVM or transact items through postal ballot up to 31st December 2021.