Referring to the provision of Companies Act, 2013 advise the directors of a company in the following matters: The company wishes to obtain approval of the financial statement in a meeting held through video conferencing.

Answer 5(d) Rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 provides that the following matters, which shall not be dealt with in any meeting held through video conferencing or other audio visual means: the approval of the annual financial statements; the approval of the Board's report; the approval of the prospectus; the Audit Committee Meetings for consideration of financial statement including consolidated financial statement, if any, to be approved by the Board under sub-section (1) of Section 134 of the Act; and the approval of the matter relating to amalgamation, merger, demerger, acquisition and takeover. Accordingly, the company cannot obtain approval of the financial statements from directors in a meeting held through video conferencing (ii) the company cannot get its prospectus approved in a meeting held through video conferencing.