Sebi to probe firms who have not conducted AGMs

Sending a strong signal to listed companies to conduct Annual General Meetings (AGMs) and send annual reports regularly to its shareholders, market regulator the Securities and Exchange Board of India (Sebi) on Monday said it would investigate the details of those companies that have not done so. “If they are not sending annual reports and not conducting AGMs, these are clear violations. Since this question has been raised, I will ask my team to investigate all cases where AGMs have not been called and Annual Reports have not been sent,” Sebi Chairman U K Sinha said. Sebi has allowed companies to send the annual reports via electronic mode if shareholders have consented to it, he said.

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