VC board meetings

MCA vide its notification dated 15th June, 2021 completely eliminated rule 4 of the companies (meetings of the board and its powers), rules, 2014 which laid down the items which cannot be considered in a video conferencing or audio visual means board meeting. Core items such as approval of financial statements/ board report, approval of prospectus, amalgamation, merger, demerger, acquisition and takeover and audit committee meetings for consideration of accounts.

Now by completely removing this negative list of items which cannot be considered via video conferencing methods, all items can now be taken by this method.

To view the MCA circular please visit their site.

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s