{"id":1561,"date":"2022-05-07T13:09:13","date_gmt":"2022-05-07T13:09:13","guid":{"rendered":"https:\/\/www.mmjc.in\/?p=1561"},"modified":"2025-09-04T10:40:54","modified_gmt":"2025-09-04T10:40:54","slug":"annual-report-hard-copies-is-it-exempted-for-2022","status":"publish","type":"post","link":"https:\/\/bempl.in\/demo\/mmjc\/annual-report-hard-copies-is-it-exempted-for-2022\/","title":{"rendered":"Annual Report hard copies \u2013 is it exempted for 2022 ??"},"content":{"rendered":"\n<p><strong>Background<\/strong><\/p>\n\n\n\n<p>The Ministry of Corporate Affairs (MCA) has permitted holding of Annual General Meeting (AGM) through electronic mode till 31 December 2022. This relaxation includes a leeway from sending hard copies of annual reports. But a question arises that<strong> whether listed entities are exempted from sending hard copies of annual reports for FY22 <\/strong>based on this MCA relaxation or if <strong>any specific relaxation is needed under LODR too<\/strong>???<\/p>\n\n\n\n<p><strong>Relaxation for listed entities during Covid: <\/strong><\/p>\n\n\n\n<p>Listed entities which were companies were covered under the above exemption granted by MCA. <strong>Consequentially SEBI<\/strong>, vide its Circular dated 12 May 2020 <strong>had relaxed the below requirements under LODR <\/strong>in the case of equity listed entities and entities which have listed their non-convertible securities<strong>:-<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Sending of hard copies <\/strong>of the abridged annual report to shareholders who have not registered their email addresses and hard copies of the full annual report for those <strong>who request for the same<\/strong> under Reg 36(1)(b) &amp; (c) and Reg 58(1)(b) &amp; (c).<\/li><li>Sending proxy forms under Regulation 44(4) for in case of AGM \/ EGM held through electronic mode only<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>This exemption was for the listed entities conducting their AGMs <strong>till 31 December 2020<\/strong>. Thereafter <strong>following the extension given by MCA <\/strong>for holding AGM \/ EGM by VC or OAVM in 2021, SEBI had, vide its Circular dated 15 January 2021, <strong>extended the above relaxations until 31 December 2021<\/strong><\/p>\n\n\n\n<p><strong><u>Scenario in 2022:<\/u><\/strong><\/p>\n\n\n\n<p>As mentioned above, MCA has extended the relaxation for holding AGM \/ EGM by VC or OAVM as per the framework laid down in this regard by the said MCA Circulars, specifically as per MCA Circular dated 5 May 2020, <strong>there is an exemption from sending physical annual reports for all companies conducting AGM by VC \/ OAVM till 31 December 2022. Earlier MCA had extended<\/strong> this relaxation till AGM \/ EGM \/ postal ballot to be held <strong>till 30 June 2022 <\/strong>vide it&#8217;s Circular dated 8 December 2021. However, there is <strong>no relaxation from SEBI <\/strong>in this regard for the shareholders meeting in 2022 <strong>from 1 January 2022 till date.<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><strong><u>Actionable for listed entities for AGM in FY 22:<\/u><\/strong><\/strong><\/p>\n\n\n\n<p><mark style=\"background-color:#fff;color:#d31e1e\" class=\"has-inline-color\"><em>As per the relaxation given by MCA, <strong>listed entities may convene their AGMs in the year 2022 through electronic mode only. <\/strong>However, unless <strong>specific relaxation is given by SEBI, <\/strong>listed entities will <strong>have to send hard copies of annual reports<\/strong> to those shareholders who have <strong>not registered their email addresses and those who request for the same<\/strong>!!!<\/em><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Background The Ministry of Corporate Affairs (MCA) has permitted holding of Annual General Meeting (AGM) through electronic mode till 31 December 2022. This relaxation includes a leeway from sending hard copies of annual reports. But a question arises that whether listed entities are exempted from sending hard copies of annual reports for FY22 based on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,8],"tags":[],"class_list":["post-1561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge-hub","category-newsletter"],"_links":{"self":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/comments?post=1561"}],"version-history":[{"count":1,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1561\/revisions"}],"predecessor-version":[{"id":4702,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/posts\/1561\/revisions\/4702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media\/4701"}],"wp:attachment":[{"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/media?parent=1561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/categories?post=1561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bempl.in\/demo\/mmjc\/wp-json\/wp\/v2\/tags?post=1561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}