Chapter XII - The Companies (Meetings of Board and its Powers) Rules, 2014. - File No. 1/32/2013-CL.V - Companies Law

Board meetings by video conferencing: procedural safeguards, excluded matters, recordkeeping and director disclosure obligations enforced.

Prescribes procedures and safeguards for Board meetings by video conferencing or audio visual means, including identity verification, quorum and roll call, recording and minutes retention, notice and opt in mechanisms, exclusion of specified matters from remote consideration, and deeming the scheduled in India venue as the meeting place; mandates committees for specified companies, establishes a vigil mechanism with audit committee oversight, requires director disclosures and maintenance of prescribed MBP registers for loans, guarantees, investments and related party contracts, and imposes special resolution and disclosure requirements for sizeable inter company transactions and payments on loss of office.