Extension of Date for conducting Board Meeting through VC/OAVM from 31st December 2020 to 30th June 2021

 

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Please find text of the Extension of date for conducting Board Meeting through VC/OAVM from 31st December, 2020 to 30th June 2021 notification below –

Extension of date for conducting Board Meeting through VC/OAVM from 31st December, 2020 to 30th June 2021

Corporate Laws & Corporate Governance Committee
The Institute of Chartered Accountants of India
31st December 2020
ANNOUNCEMENT
Sub: Extension of date for conducting Board Meeting through VC/OAVM from 31st December, 2020 to 30th June 2021

We are happy to inform you that the Ministry of Corporate Affairs vide its notification dated 31st December, 2020 has amended sub rule 2 of Rule 4 of Companies (Meetings of Board and its Powers) to further extend the time period for conducting Board Meeting through Video Conference /Other Audio-Visual Means for approving financial statements, Board’s report, Prospectus and other restricted agenda items as referred in sub rule 1, from 31st December 2020 to 30th June 2021.

Accordingly, as per section 173 of the Companies Act, 2013, the board of directors of a company can hold meeting through video conferencing (VC) or other audio visual means (OAVM) for any of the matters till 30th June 2021.

Notification is available at the link – https://www.mca.gov.in/Ministry/pdf/FourthAmdtRules_30122020.pdf

Members may note the above.

Sincerely Yours,

Chairman and Vice-Chairman
Corporate Laws & Corporate Governance Committee
The Institute of Chartered Accountants of India

Official Link of Extension of date for conducting Board Meeting through VC/OAVM from 31st December, 2020 to 30th June 2021 notification can be accessed from below –

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