Virtual AGM Meetings

kings22 (Shareholder) (160 Points)

25 December 2020  
  • MCA already allows Board Meetings and EGM via Audio Visual Means
  • MCA also recently Allowed AGM to be conducted using Audio-Visual Means due to the Coronavirus situation as a temporary measure. This is confusing 

India seems to have a very rigid corporate law - the government seems to be micromanaging every small meeting and corporate affair. This is contrary to the growth of the country when the world is heading towards more speed and agility in corporate governance. Management teams are more and more distributed and most of the time these meetings are just "ordinary business". This can be counterproductive to the competitive advantage Indian companies can leverage. 

Does anyone know if there is a consideration that AGM would also be permanently allowed to be done using Audio Visual means?