MCA Update 15.06.2021 Rule 4 of The Companies (Meeting of Boa | TaxLiner | Summarizing Laws
MCA Update 15.06.2021
Rule 4 of The Companies (Meeting of Board and its Powers) Rules, 2014 Deals with Matters Not to be Dealt With in a Meeting Through Video Conferencing or Other Audio Visual Means
Omitted via this amendment
With the said amendment, restriction on agenda items to be transacted only at physical meeting of Board of Directors are done away with.
With MCA Amendment 15th June, 2021. Now following resolution can be passed through Video Conference mode:-
(i) the approval of the annual financial statements;
(ii) the approval of the Board’s report;
(iii) the approval of the prospectus;
(iv) the Audit Committee Meetings for consideration of financial statement including consolidated financial statement, if any, to be approved by the Board under sub-section (1) of section 134 of the Act; and
(v) the approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.
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