MCA notifies Extended Relaxation for all the Board Meetings through Video Conferencing Read Notification By Mariya Paliwala - On June 24 2020 156 pm 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.

Board meeting through video conferencing notification. The notice of the meeting shall inform the directors regarding the option available to them to participate through video conferencing mode or other audio visual means and shall provide all the necessary information to enable the directors to participate through such means. There is no restriction on any agenda for BM through video conferencing. The Rule at first imposes an obligation on every Company to make necessary.

15 th June 2021 Company can hold Board Meeting through video conferencing and discuss any agenda in such meeting. Download Notification Click Here ABCAUS Note. Key highlights of Notification From date of the Notification till 30 June 2020 the compliance parameters around physical meeting for items identified under Rule 3 1 of the Rules which are as follows.

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. Relaxation for conducting of board meeting through video conferencing VC or other audio-visual means OAVM till 30th September 2020 MCA Notification No. All Board meetings conducted through video conferencing or other audiovisual means have to be conducted under the procedure prescribed under Rule 3 of the said Rules.

MODALITIES OF HOLDING OF BOARD MEETINGS THROUGH VIDEO CONFERENCING Rule 3 of the Companies Meetings of Board and its powers Rules 2014 deals with the procedure for convening and conducting the Board meetings through video conferencing or other audio visual means. 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. 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.

Pursuant to the Notification all Indian companies are permitted to conduct board meetings through AV Means for transacting all business. At Delhi inter-alia to consider and approve the Un-audited Financial Results of the Company for the year ended March 2020. Extended the due dates for conducting Board meetings through video.

After the Notification companies are allowed By MCA to hold meetings of their Board for the matters restricted under Rule 4 through video conferencing or other audiovisual means. The proviso to Section 173 2 provides that the Central Government may by notification specify such matters which shall not be dealt with in a meeting through video conferencing. As per amendment wef.