India city Mumbai covid-19 outbreak Government India city Mumbai

Corporate affairs ministry eases compliances for passing special resolutions

Reading now: 199
www.livemint.com

MUMBAI : The government on Wednesday further eased compliance norms for Indian companies as they move to pass ordinary and special resolutions amidst the lockdown to limit the spread of the Covid-19 outbreak.

The Ministry of Corporate Affairs (MCA) in a circular issued on Wednesday said that companies can take urgent decisions without convening a general meeting and ratify them through the e-voting process.

This relaxation is not applicable for decisions of ordinary course or business where any person has right to be heard. 'Unavoidable' extraordinary general meetings (EGMs) need to be held through video-conferencing (VCs) and a transcript of the proceedings would need to be maintained by the company. "Such VCs would need to have a

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA