Please find attached amended rules on Companies (Meetings of Board and its Powers) issued by MCA. The brief summary of the amendment is detailed below:

1 Rule date 31.12.2020
2 Subject Companies (Meetings of Board and its Powers) Rules, 2014
3 Effective date  31.12.2020
4 Applicability As per rule attached
 

5

 

Brief description

 

MCA has further extended the dates for conducting Board Meetings through video conference (VC)/ other Audio-Visual means (OAVM), for approving financial statements and other restricted agenda items, from 31st December, 2020 to 30th June 2021.

In the Companies (Meetings of Board and its Powers) Rules, 2014, in rule 4, in sub-rule (2), for the figures, letters and words "31st December, 2020", the figures, letters and words "30th June, 2021" shall be substituted.

 

5 Impact This step has been taken to ease the burden on companies and their directors due to coronavirus disease (COVID-19).

For your reference all amended rules attached herewith.