Interim Dividend
This query is : Resolved
20 April 2011
Can the Board declare interim dividend in a meeting through teleconferencing?
Thank you,
Pravin
Thank you,
Pravin
udit sharma
(Expert)
20 April 2011
In my opinion...a Board Meeting held through Teleconferenecing is not a valid meeting.....
Board Meeting may be held through Video Conferencing and the business transacted thereat is valid in all respects.
Board Meeting may be held through Video Conferencing and the business transacted thereat is valid in all respects.
Jayashree S Iyer
(Expert)
20 April 2011
Board meeting conducted through teleconferencing or video conferencing is not yet recognised under the Companies Act, 1956.
So conducting of physical meeting is required. However subject to minimum quorum present, other directors can participate through tele or video conferencing.
Passing of circular resolution is another alternative for passing of resolutions without convening physical meeting under Section 289 of the Companies Act, 1956. However please note that certain matters need to be passed only in the meetings of Board viz., items specified in Section 292, etc.
So conducting of physical meeting is required. However subject to minimum quorum present, other directors can participate through tele or video conferencing.
Passing of circular resolution is another alternative for passing of resolutions without convening physical meeting under Section 289 of the Companies Act, 1956. However please note that certain matters need to be passed only in the meetings of Board viz., items specified in Section 292, etc.
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