Tag Archives: mca Circualr

Extended Upto 30-09-2020 Companies (Meetings of board and its powers) 2nd Amdt Rules 2020 clarification dt 24-06-2020

 PROVISION BEFORE AMENDMENT:

4 Matters not to be dealt with in a Meeting through Video Conferencing or Other Audio-Visual Means

1(1) [The] following matters shall not be dealt with in any meeting held through video conferencing or other audiovisual means.-

(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 2[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.

PROVISION after 1st AMENDMENT:

4 Matters to be Dealt With in a Meeting Through Video Conferencing or Other Audio-Visual Means Upto 30 June 2020.

1(1) [The] following matters shall not be dealt with in any meeting held through video conferencing or other audiovisual means.-

(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 2[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.

PROVISION after 2nd AMENDMENT (24/06/2020):

4 Matters to be Dealt With in a Meeting Through Video Conferencing or Other Audio-Visual Means Upto 30 September 2020.

1(1) [The] following matters shall not be dealt with in any meeting held through video conferencing or other audiovisual means.-

(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 2[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.