022021 dated January 13 2021 in respect of Extension of Holding of AGM through Video Conferencing.

Board meeting through video conferencing extension. Companies can now conduct board meetings through video conference and other audio visual means till September 30 with the government extending the time period amidst the coronavirus pandemic. Click here to view Rules. MCA again extends due dates for conducting Board meetings through Video Conference OAVM for approving Financial Statements By Taxscan Team - On December 31 2020 326 pm The Ministry of Corporate Affairs MCA notified the Companies Meetings of Board and its Powers Fourth Amendment Rules 2020.

Extension of facility for conducting extraordinary meetings of unit holders of InvITs and REITs through Video Conferencing or Other Audio-Visual Means VCOAVM Circular No. Board meetings through video conferencing Extension. As per section 173 of the Companies Act 2013 the board of directors of a company can hold meeting through video conferencing VC or other audio visual means Extension of date for conducting Board Meeting through VCOAVM.

Now the Companies Meetings of Board and its Powers Fourth Amendment Rules 2020 has further extended the aforementioned deadline to 30th June 2021. MCA has issued circular General Circular No. The Ministry of Corporate Affairs MCA on Tuesday notified the extension of the relaxation for all the Board meetings to approve its financial statements through Video Conferencing VC or Other Audio-Visual Means OAVM to be conducted till September 30 2020.

In other words Board meetings can be conducted through VC and OAVM for matters which were otherwise prohibited from being conducted through VC and OAVM upto June 30 2021. 1 These rules may be called the Companies Meetings of Board and its Powers Third Amendment Rules 2020. The Annual General Meeting and Board meeting ensure smooth functioning promote transparency provide updates and a number of matters with regards to corporate governance discussed and voted upon in such meetings.

SEBIHODDHSDDHSCIRP2020201 dated October 08 2020. Section 1732 of Companies Act 2013 The Act read with Rule 3 of the Companies Meetings of Board and its Powers Rules 2014 The Rules The participation of directors in a meeting of the Board may be either in person or through video conferencing or other audio-visual means as may be prescribed which are capable of recording and recognizing the participation of the directors and of. Extended the due dates for conducting Board meetings through video conferencing or other audio visual means from 31st December 2020 till 30th June 2021 for approving financial statements boards report prospectus matter relating to amalgamation merger demerger acquisition takeover and audit committee meetings for consideration of financial statement.

It provides that a meeting on the restricted items specified in Rule 4 including certain items such as approval financials and boards report etc. Earlier MCA had given relaxation till 30th September 2020. Which require an immediate consideration in the present time can be held through video-conferencing till the period ending on 31st December 2020 and shall not require mandatory physical quorum as per the MCA notification dated 28th Sepetemer 2020.