The government has issued further regulations extending the period during which annual general meetings (AGMs) should be held virtually. The recent announcement means that members will not have the right to attend AGMs of companies and charitable incorporated organisations that are due to be held up until the 30th December 2020.
This means companies and CIOs are now able to hold such meetings 'virtually'. Up until now, the relaxation has only applied to AGMs to be held before 30 September 2020.
The effect of the regulations is that it is possible for companies and CIOs to hold annual general meetings notwithstanding that there is no express provision in their constitutions enabling this
temporary modification concerning meetings of companies and other bodies is extended to 30th December 2020