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: the approval of the annual financial statements; the approval of the Board’s report; the approval of the prospectus; 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 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. Feel free to ...