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

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