FRC issues Q&A on company filing, AGMS and other general meetings during COVID-19
17 April 2020
The Financial Reporting Council (FRC) has issued a set of answers to commonly
asked questions on the challenges companies may experience in complying with
statutory obligations to hold meetings and to file documentation on the
Companies Register during the COVID-19 crisis.
The Q&A is designed to provide companies with additional information to help them
in planning activities over the coming months, focusing on the holding of AGMs and
other general meetings and in the filing of company accounts. In particular:
- in respect of AGMs and other general meetings, the FRC envisages companies holding 'closed' meetings with a minimum number of people by telephone or similar. Companies may also be granted the ability to over-ride their Articles for a short period and shareholders will have the ability to vote by proxy; and
- in respect of filing deadlines, the FRC is monitoring companies' abilities to meet deadlines and will take action if further aid appears necessary.
Please click here to access the Q&A on the FRC website.