Ensuring that the videoconferencing equipment and facilities are proper and fit c.

Board meeting via video conferencing in india. Every director has to attend atleast one Board Meeting in a financial year by participating in person physically. Matters which cannot be dealt through video conferencing. A Gigaom Research report stated that 87 of remote users see.

The Ministry of Corporate Affairs has issued a notification to allow board meetings through video conferencing for activities that were earlier restricted for the digital medium in a move that will ease the burden on companies to hold physical meetings even beyond the pandemic. 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 recording and storing the proceedings of such meetings. Ministry of Corporate Affairs MCA has vide its Notification dated June 15 2021 notified the amendment in Companies.

As stated in Section 173 2 of Companies Act 2013 read with Rule 3 of the Companies Meetings of Board and its Powers Rules 2014 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. A step towards Digital India. MCA allows Board Meetings to be held through video conferencing or other audio visual means till June 30.

The Rule at first imposes an obligation on every Company to make necessary. To balance the situation and as a measure to ease compliance requirements the Ministry of Corporate Affairs has allowed companies to conduct board meetings through video conferencing and other audio visual means for all matters including those. Board Meeting through Video Conferencing under Companies Act 2013.

General Rules regarding quorum venue and participation. The process for conducting Board meetings through video conferencing is prescribed under Rule 3 of the Companies Meetings of Board and its Powers Rules 2014 Rules. Article explains Meeting of BoardCommittee by Video Conference Facility and Matters cannot be Approved by way of Circular Resolution by the Board of Directors Relaxation Currently GivenIt also provides Format of Minutes of Board Meeting through Video Conferencing Format Of Notice for Board Meeting through Video Conferencing with Agenda and Standard Procedure for chairman to conduct Board.

Dated 15062021 has notified the Companies Meetings of Board and its Powers Amendment Rules 2021 which seeks to amend the Companies Meetings of Board and its Powers Rules 2014 wherein Rule 4 providing for restriction on matters not to be dealt with in a meeting through video conferencing as specified in Rule 4 of the Act has been omitted. Face-to-face meetings are gradually giving way to video conference and teleconference meetings in nearly every business realm including board meetings. 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.