The COVID-19 pandemic has shifted India towards the digital businesses and the MCA and SEBI has allowed the companies to conduct their Board meetings as well as general meetings to hold virtually. As a Company Secretary

CS Executive · Company Law · PYQS · December 2023
The COVID-19 pandemic has shifted India towards the digital businesses and the MCA and SEBI has allowed the companies to conduct their Board meetings as well as general meetings to hold virtually. As a Company Secretary answer the following questions of Board of Directors of Digital Ltd. (Listed Company) which is planning to conduct their Board meeting and General meeting through Video-Conferencing. (b) Why the proxy provisions are dispensed with in case of General meetings held through video-conferencing?

Answer & Explanation:

As per Annexure XX of SS-2 Procedure to conduct General Meetings through VC or OAVM, it is stipulated that in case of Video Conferencing meeting there is no question of proxy attendance. A shareholder can himself attend the general meeting from wherever he is located. Same applies to the case with e-voting. In case of e-voting also there is no proxy to vote on behalf of the shareholder.

Topics: General Meetings

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