Clifford Chance
Government extends emergency legislation providing flexibility and certainty to companies for holding general meetings until 30 December
24 September 2020
On 24 September 2020, the Government enacted a statutory instrument extending the end of the relevant period under the Corporate Insolvency and Governance Act 2020 (CIGA) during which companies may benefit from certain flexibilities introduced by the CIGA in relation to the holding of general meetings from 30 September 2020 to 30 December 2020.
This extension will come as a relief to companies that are due to hold their AGMs, or indeed any other shareholder meeting, before the end of the year, allowing them to assess the likely circumstances (particularly relevant while Covid-19 cases in the UK are rising) and giving them the ability to choose to hold "closed doors" meetings or virtual-only meetings.
