CA Update – Conducting Meetings through Video Conferencing and Other Audio Visual Means

PUBLISHED ON: 18-06-2021

MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014 vide Companies (Meetings of Board and its Powers) Amendment Rules, 2021, dated June 15, 2021 (available here).

• Previously, the following matters could not be dealt with in a meeting through video conferencing or other audio visual means:

➢Approval of annual financial statements, the board’s report and the prospectus;

➢Audit committee meetings for consideration of financial statements, including consolidated financial statements; and

➢Approval of matters relating to amalgamation, merger, demerger, acquisition and takeover.

 

The aforementioned provision has been done away with by MCA vide Companies (Meetings of Board and its Powers) Amendment Rules, 2021.