With the latest notification there is no restriction on any matter to be dealt with in a board meeting through Video Conferencing VC or Other Audio Visual Means OAVM.

Board meeting through video conferencing mca. Rule 4 of the Companies Meetings of Board and its Powers Rules 2014 provides that following matters shall not to be dealt with in a meeting through video conferencing or other audio visual means. However MCA further relax the requirement of holding Board meetings with physical presence of directors under section 173 2 read with rule 4 of the Companies Meetings of Board and its Powers Rules 2014 for approval of the annual financial statements Boards report etc. Section 173 of Companies Act 2013 allows to hold Board Meeting through physical as well as video conferencing mode.

I the approval of the annual financial statements. A Board Meeting attended by any Director whether in person or through video conferencing or other audio visual means shall be sufficient attendance for the purpose of section 1671b of the Act. 202020 MCA has allowed companies to hold their annual general meeting AGM and Board Meeting by Video Conferencing VC or other audio-visual means OAVM during the calendar year 2020 in view of continuing restrictions placed on movement of persons.

The said amendment has been notified to delete the provision related to restriction of conducting Board Meeting through Video ConferencingOther Audio-Visual Means for selected agenda items. Earlier MCA had granted relaxation from the above restriction in a phased manner for a limited time upto June 30 2021. MCA vide its notification dated March 19 2020 notified the Companies Meetings of Board and its Powers Amendment Rules 2020 allowing companies to hold Board Meetings through video conferencing or other audio visual means till June 30 2020 in accordance with Rule 3 of the Companies Meetings of Board and its Powers Rules 2014.

Understanding this practical scenario Ministry of Company Affairs has allowed to have meetings through video conferencing without the physical presence. Circular is available at the link-Click Here. MCA Eases Rules for Board Meetings Conducted through Virtual Mode.

There is no restriction on any agenda for BM through video conferencing. Is sitting fees payable to a director who participates in a meeting through video. The Ministry of Corporate Affairs vides its notification dated 15th June 2021 further amended the Companies Meetings of Board and its Powers Rules 2014 and makes rules the Companies Meetings of Board and its Powers Amendment Rules 2021.

With the General Circular No. In this regard the Companies should think positively about holding Board meetings through Video Conferencing subject to compliance with MCA rules. 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.