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    <title>Chapter XII: The Companies (Meetings of Board and its Powers) Rules, 2014</title>
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    <description>The rules prescribe Board of Directors procedures for convening, notice, agenda, quorum and frequency of meetings, validate meetings held by audio visual means subject to identification, communication and recordkeeping conditions, and equate decisions made by permitted video conferencing with those of physical meetings. They define the board&#039;s general and specific powers-management, financial approvals, issuance of securities, major transactions and administrative acts-while reserving constitutional and capital altering matters to shareholder approval. Minute keeping, signing and inspection requirements are mandated, and penalties are imposed for failures to hold meetings or maintain and file minutes.</description>
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