Participation through video conference

As per the MCA Circular on Participation via video Conference at the Board / Committee Meetings, under the point no. 4(b) it is stated that

"Every Director of the company must attend the meeting of the Board / Committee of Directors personally at least one meeting a financial year of the company"

so Does it mean like this?.....

1) Whether at least one director shall physically attend? 

2) Compulsory minimum physical attendance applies to Board/Committee meeting? (either of the meetings or any one meeting in a financial year)

Can any one pls reply...............

 

Thanks in advance...

Replies (1)

Dear Sudhir,

It means that, each of directors should attend atleast 1 meeting in a financial year physically. Suppose there are 4 board meetings in a year and  a director attends 3 meetings by means of Video Conferencing, he should attend atleast 1 meeting physically. 

Regards,

Veeral Gandhi

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