Mar 19, 2020

MCA allows board meeting to be held via video conference on restricted matters for 3 months

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Considering the need to take precautionary steps to overcome the outbreak of the coronavirus (Covid-19), MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014, to relax the requirement of holding Board meetings with physical presence of directors in the following matters:

    a) approval of the annual financial statements;

    b) approval of the Board’s report;

    c) approval of the prospectus;

    d) approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.

Such meetings may till 30th June, 2020 be held through video conferencing or other audio visual means by duly ensuring compliance of rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014.

Click here to view Rules

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