Mr A is a director of a company He is hospitalized a day before the Board meeting Can Mr A attend th...........

Companies Act-Phase (I & II) Board-powersandMeetings

Mr. A is a director of a company. He is hospitalized a day before the Board meeting. Can Mr. A attend this meeting for discussing and approval of company’s merger via video conferencing?

Yes, he can attend the meeting

Yes, he can attend but no right to vote

No, he cannot attend the meeting

None of the above

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Explanation:

As per rule 4 of Companies (Meetings of Board and its Powers) Rules, 2014, following matters cannot be dealt within a meeting through video conferencing or other audio-visual means:

a. The approval of annual financial statements

b. The approval of Board’s Report

c. The approval of Prospectus

d. Approval of amalgamation, merger, demerger, acquisition and takeover

e. audit committee meetings for consideration of accounts.