4 Matters Not to be Dealt With in a Meeting Through Video Conferencing or Other Audio Visual Means

⁸[¹ (1) [The] following matters shall not be dealt with in any meeting held through video conferencing or other audio visual 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.

3

[Provided that where there is quorum presence in a meeting through physical of directors, any other director may participate conferencing through video or other audio visual rneans.]

⁴[(2)  For the period beginning from the commencement of the Comparies (Meetings of Board and its Powers) Amendment Rules, 2020 and ending on the 7[30th June 2021 ], the meetings on matters referred to in sub-rule ( 1) may be held through video conferencing or other audio visual means in accordalce with rule 3.]]

Amendments

1. Substituted by the Notification Dated 14th August 2014.

In sub-rule (1), for the brackets, figure and word “(1) The”, the word “The” shall be substituted.

2. Substituted by the Notification Dated 14th August  2014.

In clause (iv), for the words “consideration of accounts”, the words “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” shall be substituted.

3.  Inserted by the the Companies (Meetings of Board and its Powers) Amendment Rules, 2018.

4.   Inserted by the Companies (Meetings of Board and its Powers) Amendment Rules, 2020. Dated 19.03.2020

5.  Substituted by the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020. Dated 23rd June 2020.

in rule 4, sub-rule (2), for the words and figures;

30th June,2020

the following shall be substituted namely;

30th September, 2020

6. Substituted by the Companies (Meetings of Board and its Powers) Third Amendment Rules, 2020. Dated 28th September 2020.

in rule 4, sub-rule (2), for the words and figures;

5[30th September, 2020]

the following shall be substituted namely;

31st December, 2020

7.  Substituted by the Companies (Meetings of Board and its Powers) Fourth Amendment Rules, 2020 Dated 30 Dec 2020.

in rule 4, sub-rule (2), for the words and figures;

6[31st December, 2020]

the following shall be substituted namely;

30th June 2021 

8. Omitted by the Companies (Meetings of Board and its Powers) Amendment Rules, 2021. Dated 15th June 2021