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General Circular No. 14/2020 F. No. 2/112020-CL-V Government of India Ministry of Corporate Affairs 5th Floor. 'A' Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi-110001 Dated: 8 April, 2020 To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject: Clarific
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FAQ :
The Companies Act, 2013 does not specifically allow for members' meetings to be held via video conferencing (VC) or other audio-visual means (OAVM). However, in light of COVID-19, companies can pass urgent resolutions through postal ballot or e-voting.
The Ministry of Corporate Affairs (MCA) is providing relaxations due to the difficulties faced by stakeholders and the need for social distancing caused by the COVID-19 pandemic.
Companies can take urgent decisions requiring member approval through postal ballot or e-voting, as per the provisions of the Companies Act, 2013 and its rules.
Yes, resolutions for ordinary business or matters where any person has a right to be heard cannot be passed through postal ballot or e-voting without a general meeting.
No, it means that for urgent matters, companies are requested to use postal ballot or e-voting instead of holding a physical general meeting that requires members to be present at a common venue.
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