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of <h1>India's Ministry of Corporate Affairs Amends Board Meetings Rules, Adjusts Monetary Thresholds u/r 15 of Companies Act 2013.</h1> The Government of India, through the Ministry of Corporate Affairs, issued the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019, under the Companies Act, 2013. Effective from the date of publication in the Official Gazette, this amendment modifies Rule 15 of the 2014 Rules. It omits specific monetary thresholds in sub-clauses (i), (ii), and (iv) and revises sub-clause (iii) to replace the previous criteria with 'amounting to ten percent or more of the turnover of the company.' This notification follows several previous amendments to the principal rules since 2014.
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