All matters allowed in board meet held through Audio/Video

Last updated: 20 March 2020

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This document outlines the restricted matters that were permitted during board meetings conducted through video or audio conferencing. It references a notification from the Ministry of Corporate Affairs, effective from March 19th, 2020, which amended rules to allow specific approvals like annual financial statements, board reports, prospectuses, and matters related to amalgamation or takeover. This guidance was applicable for a specific period and is useful for professionals and students in the corporate sector.

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Vide Notification dated 19th March, 2020 published in official gazette vide no. G.S.R. 186(E) effective from 19th March, 2020, Ministry of Corporate Affairs amended Rule 4 of Companies (Meetings of Board and its Powers) Rules, 2014 to allow matters related to- ïƒ˜ Approval of the annual financial statements ïƒ˜ Approval of the Boardâ€™s report; ïƒ˜ Approval of the prospectus; ïƒ˜ Audit Committee Meetings for consideration of financial statement including consolidated financial statement if any, to be approved by the board under sub-section (1) of section 134 of the Act; ïƒ˜ Approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover. be dealt with the meeting held through video conferencing or other audio visual means in accordance with rule 3. This will be applicable for the period from 19th March, 2020 to 30th June, 2020 #pdf

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Submitted by pradeep goyal · Posted 20 March 2020 · Other files by pradeep goyal · Report

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