Director's Disqualification under Companies Act, 2013

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This query is : Resolved

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This discussion clarifies that directors attending board meetings virtually, even for crucial matters like financial statement adoption, will not face disqualification. The Ministry of Corporate Affairs permits virtual meetings for all purposes, ensuring compliance flexibility.

ayushi lavania

ayushi lavania (Querist)

02 May 2022 Will a director be disqualified if he/she attends all the meetings through virtual mode and is also going to attend the Board Meeting for adoption of Financial Statements, Boards Report and other papers through virtual mode only?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 May 2022 Not disqualified in such a case.
Meeting can be conducted if required quarum is present phisically.

ayushi lavania

ayushi lavania (Querist)

04 May 2022 Thanks sir for resolving my query. But if all the directors are present virtually for all the meetings held in the year, whether all the directors are disqualified?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

04 May 2022 No disqualification in view of this.
To balance the situation and as a measure to ease compliance requirements, the Ministry of Corporate Affairs has allowed companies to conduct board meetings through video conferencing and other audio visual means, for all matters including those that were otherwise required to be conducted physically.

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