MCA relaxes provisions of Board meetings due to Corona Virus 

MCA relaxes provisions of Board meetings due to Corona Virus. Meetings till 30th June, 2020 may be held through video conferencing/other audio visual means

As per MCA Advisory, Considering the need to take precautionary steps to overcome the outbreak of the corona virus (Covid-19), the Government has relaxed the provisions of the board meetings under the Companies Act, 2013.

In-principle it has been decided to relax the requirement of holding Board meetings with physical presence of directors under section 173 (2) r/w rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval of the annual financial statements, Board’s report, etc.

Now, such meetings may till 30th June, 2020 be held through video conferencing or other audio visual means by duly ensuring compliance of rule 3 of the said rules.

The necessary changes in the rules in this regard are expected to be notified soon.

MCA has issued Notification for introducing the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 to give effect to the above Click Here >>

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