Can you please comment of the following with respect to Board Meetings through video conferencing / teleconferencing:
Does the present Companies Act, 1956 recognize holding of Board Meetings through video conferencing or other electronic means?
Participation in meetings by video conference is not considered for quorum of the meeting - true or false?
The convening of Meeting by an Electronic mode is just recommended in New Companies Bill, which does not come in to force till now..So the meeting cannot be convened by electronic mode until and unless New Companies Bill come in to force. – Any feedback
The status of new the Companies Bill, 2009 and any forecast as to when this will be passed.
In case, teleconferencing is also allowed along with Video Conferencing, there could be difficulty in identifying the person in case of teleconferencing and saying with certainty that voice is that of a Director (comment by FICCI)
The participation of directors in a meeting of the Board may be either in person or through video conferencing or such other electronic means, as may be prescribed, which are capable of recording and recognizing the participation of the directors and of recording and storing the proceedings of such meetings: (a) provided that the Central Government may, by notification, specify such matters which shall not be dealt with in a meeting through video conferencing or other electronic means.
What is the impact on infrastructe for SME ccompanies ?
Thanks for your time and support.
Regards
CAclubindia
