India:
The Companies (Meetings Of Board And Its Powers) Second Amendment Rules, 2017
08 September 2017
Clyde & Co
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The Ministry of Corporate Affairs ("MCA") on July 13,
2017 has notified the Companies (Meetings of Board and its Powers)
Second Amendment Rules, 2017. The Ministry has prescribed that any
director who intends to participate in the meeting through
electronic mode may have to intimate about such participation at
the beginning of the calendar year and such declaration shall be
valid for one year. Provided that such declaration shall not debar
him from participation in the meeting in person in which case he
shall intimate the company sufficiently in advance of his intention
to participate in person.
This update is authored by Clasis Law, Clyde &
Co's associated firm in India
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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