Jun 30, 2021

Amendment to Companies (Meeting of Boards and its Powers) Rules, 2014

The MCA has, by its Notification dated June 15, 2021, omitted Rule 4 of the Companies (Meeting of Boards and its Powers) Rules, 2014, and therefore now removing the restriction on the following matters being dealt with in a meeting held through video conferencing or other audio visual means: (i) approval of the annual financial statements, the board’s report and the prospectus; (ii) audit committee meetings for consideration of financial statements; and (iii) approval of matters relating to amalgamation, merger, demerger, acquisition and takeover.




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