This has been widely welcomed by many entrepreneurs across the country.

Video conferencing of board meeting. Participation in board meetings through video conferencing saves time and cost and allows one to convert the energy used for distant travels for meeting into a more productive venture. 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. However all the compliances and provisions relating to it should be strictly followed.

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. Participation through video-conferencing will be counted for the purpose of quorum. Meeting of Board through video conferencing and other audio visual means is the one where the participation of directors in a board meeting may be either in person or through video conferencing or other audio visual means which are capable of recording and recognizing the participation of the directors and of recording and storing the.

Track deal history stock information cap tables investors executives and more. 3 Meetings of Board Through Video Conferencing or Other Audio Visual Means. The directors of the company can participate in the meeting of the Board either in person or through video conferencing or other audio visual means.

1 Meetings through Video Conferencing and Other Audio Visual Means VC OAVM 1 2 Meaning of Video Conferencing or Other Audio Visual Means 1 3 Modalities of Holding of Board Meetings Through Video Conferencing 2 4 Matters not to be dealt with in a meeting through Video Conferencing or Other Audio Visual Means. A company shall comply with the following procedure for convening and conducting the Board meetings through video conferencing or other audio visual means. Principles for convening and conducting Board meetings are provided in the Secretarial Standard on Meetings of The Board of Directors Secretarial Standards.

This write-up will discuss the very provisions issues and procedures that relate to Board Meetings through online Video Conferencing. 1 Every Company shall make necessary arrangements to avoid failure of video or audio visual connection. Venue specified in notice shall be taken as the venue of the meeting and all requisite registers to be kept at the venue as stated herein before.

Ad Explore how PitchBook company databases can help you find detailed company information. But these other means should be capable of recording and recognising the participation of the directors and of recording and storing the proceedings of such meetings along with date and time. Board meeting through video conferencing has ensured that the meetings can be conducted virtually without the physical presence of an individual.