APPROVING OF FINANCIAL STATEMENTS THROUGH VIDEO-CONFERENCING
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APPROVING OF FINANCIAL STATEMENTS THROUGH VIDEO-CONFERENCING

  • Rule 4 of Companies (Meetings of Board and its Powers) Rules, 2014 has been omitted.
  • Thus, Board Meeting through Video-Conferencing is now allowed for matters such as:
  • Approval of Financial Statements, Board Report and Prospectus.
  • Audit Committee Meeting for consideration of accounts.
  • Approval of matter relating to amalgamation, merger, demerger, etc

Source: MCA Notification dated 15th June, 2021.

Regards

Team OC

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