Companies can now hold board meetings through video conference or other audio-visual means till December end
The government has extended various schemes giving businesses flexibility and relief on statutory compliance requirements in view of the difficulties posed by the coronavirus outbreak the lockdown imposed to contain the spread of covid-19, finance and corporate affairs minister Nirmala Sitharaman said on Monday.
Companies can now hold board meetings through video conference or other audio-visual means till the end of December. An earlier order had stated that this facility was available till the end of September.
Companies are also free to hold extra-ordinary general body meetings through video conference or other audio-visual means till the end of December.
The corporate affairs ministry has also given more time for independent directors of companies to register themselves in a database maintained by the Indian Institute of Corporate Affairs from the end of September to the end of December, Sitharaman said in a tweet.
Source: livemint
