Meeting of Board of Directors under Companies Act 2013
Section 173
- · Minimum Four meetings every year – There should not be a gap of more than 120 days between two consecutive meetings.
- Participation – in person or video conferencing or other audio visual means as may be prescribed (Draft Rules given below)
- · Video Conferencing which are capable of recording and recognizing the participation of the directors and recording and storing the proceeding s of such meetings alongwith date and time. Video Conferencing to be recorded
- · CG may provide for matters which shall not be dealt with in meeting through VC.
- As per draft Rules following matters shall not be dealt with in any meeting held through video conferencing or other audio visual means:
(i) to approve the annual financial statements; and
(ii) to approve the Board’s report.
· Notice for calling Board Meeting – Seven Days – by hand, post or electronic
· Place of holding BM – no such provision – It means Board Meetings can be held anywhere in world
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