Amendment in Board Meeting Rules under Companies Act, 2013 | MCA

Companies (Meetings of Board and its Powers) Amendment Rules, 2021

In Companies (Meetings of Board and its Powers) Rules, 2014, rule 4 has been omitted.

Rule 4 provides Matters Not to be Dealt With in a Meeting Through Video Conferencing or Other Audio Visual Means. Earlier, there were restrictions on the following matters that they were to be dealt in meeting through physical presence of directors:
  1. the approval of the annual financial statements;
  2. the approval of the Board’s report;
  3. the approval of the prospectus;
  4. the Audit Committee Meetings for-[consideration of financial statement including consolidated financial statement if any, to be approved by the board under section 134(1) of the Companies Act, 2013]; and
  5. the approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.
Now, after amendment, this restriction has been removed i.e. now any matter can be dealt with in a Meeting Through Video Conferencing or Other Audio Visual Means.


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