The Board of directors of Vedic Ltd. desirous of transacting certain matters through video conferencing, seek your advice on the matters which cannot be dealt with through video conferencing. Advise the Board.

As per section 173(2) and Rule 4 of Companies (Meetings of Board and its Powers) Rules, 2014 following matters shall not be dealt with in any meeting held through video conferencing or other audio visual means.- (i) the approval of the annual financial statements; (ii) the approval of the Board's report; (iii) the approval of the prospectus; (iv) the Audit Committee Meetings for consideration of financial statement including consolidated financial statement; and (v) the approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover.