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MCA removes restrictions on board meetings via video conferencing

With the latest notification, the provision restricting video conferencing or other audio visual means has been removed permanently.

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Ruchika Chitravanshi New Delhi
The Ministry of Corporate Affairs has issued a notification to allow board meetings through video conferencing for activities that were earlier restricted for the digital medium, in a move that will ease the burden on companies to hold physical meetings even beyond the pandemic. 

Some of the activities that were not allowed to be dealt with through video conferencing included the approval of the annual financial statements, Board’s report, approval of the prospectus.

Companies were not allowed to hold the audit committee meetings for consideration of accounts through video conferencing earlier. Approval of  matters relating to amalgamation, merger, demerger, acquisition