It is crucial for directors and officers to carefully navigate matters relating to compliance under the Indian Companies Act 2013 especially for.
Board meeting through video conferencing due to covid 19. Now companies are allowed to conduct their Annual General Meeting through video conferencing VC or other audio-visual means OAVM during the calendar year 2020 by following the prescribed framework without requiring the shareholders to physically assemble at a common venue thus safeguarding the social distancing motto. Our earlier Ergo COVID 19 - Conducting Board Meetings Virtually provided an overview on how Indian companies can conduct board meetings through Audio Visual Means AV Means during this time to ensure statutory compliance. This mode gained notable popularity through the Covid-19 pandemic and the Ministry of Corporate Affairs took steps to bring the provisions up to speed with the changing requirements.
Accordingly up to December 31 2020 following restricted matters can be dealt in board meetings held through video conferencing or other audio-visual means by duly ensuring. COVID 19 MCA Notifies Relaxation On Conducting Board Meetings. FAQs On Board And General Meetings During COVID-19.
To deal with the precarious situation due to outbreak of Covid-19 and the Ministry of Corporate Affairs have given major relaxations with respect to holding of Board meeting through physical presence of Directors by amending Rule 4 of Companies Meeting of Board and its Powers Rule 2014. The Guidelines issued through SEC Memorandum Circular No. Mar 19 2020 2259 ist.
The Ministry of Corporate Affairs MCA vide its. 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. Springfield IL WebEx Video Conferencing due to COVID-19.
The Corporate Affairs Ministry has issued a notification to allow companies to hold such board meetings through video conferencing till June 30. June 11 2020. A senior government official said that the move was a response to representations by industry bodies and major corporates that board members may not be able to travel due.
6 Series of 2020 on. The June 11 2020 quarterly meeting of the Illinois Law Enforcement Training and Standards Board was called to order at 1001 am. An official source said in view of the need to take precautionary measures to check the outbreak of COVID-19 the MCA has in-principle agreed to relax the requirement of holding board meetings.