Virtual Meetings Under Companies Act (2nd Edition)
- Year of Publication: 2021
- Edition: 2nd
- ISBN: 978-93-90854-59-2
- No.of Pages: 337
The functions of an Annual General Meeting (AGM) are to present the financial information to the shareholders of company, to discuss future plans/impact of proposed resolutions on business of the company and to obtain the consent (through voting) of owners/shareholders on the proposed resolutions/key decisions. Such meetings provide an opportunity to the shareholders to question the trustees/managers of the company, engage with other shareholders, and seek more information on the key decisions before voting. In view of the current extraordinary circumstances due to the pandemic caused by COVID-19 prevailing in the country, requiring social distancing, MCA allowed companies to conduct annual general meetings and extra ordinary general meetings through video-conferencing (VC) or other audio-visual means (OAVM). For listed companies, SEBI also allowed companies to conduct general meetings through video conferencing or other audio-visual means. 2021 is the second year in which the shareholders meetings are conducted through VC. Recently, the MCA amended the Rules and allowed board of directors to approve annual financial statements, Board’s report, prospectus, amalgamation/ merger, demerger in a meeting through video conferencing. Hence, the ambit and frequencies of the virtual board meetings for matters like the approval of the financial statements, Board’s report, etc. is definitely going to rise and would be slowly a norm.
The revised second edition provides for an analysis of the relevant provisions of the Companies Act and Rules made thereunder, w.r.t. conducting board meetings and shareholders meeting, frequently asked questions (FAQs) and checklist of conducting such meetings. The second edition covers some more important chapters with regard to the virtual meetings of shareholders which includes: (i) Checklist for drafting minutes of board meeting and shareholders conducted through VC, (ii) Draft Scrutinizers Report for general meetings conducted through VC, (iii) Script and guidelines for conducting general meetings through VC, (iv) Comparison in efficiency and shareholders participation in voting postal ballot and participating in general meeting conducted through VC, (v) Role of securities market intermediaries in conducting general meetings through VC, etc.
The purpose is to empower corporate law professionals to conduct or assist in conducting such meetings without affecting the rights of any stakeholders. The purpose of the book is also to ensure that the companies adopt the best corporate governance practices in these challenging times of Covid-19.
The book will be useful to Company Secretaries and Compliance Officers of companies. It will also be helpful for practicing professionals, such as Company Secretaries, Advocates, Chartered Accountants, Cost Accountants, officials working in law enforcing agencies and students as well.
Gaurav Pingle is an Associate Member of ICSI and Commerce Graduate. Gaurav brings in eleven plus years of practice and industry experience, advising on business set-up in India, core Company Law matters from day-to-day compliance to advisory, transaction advisory, Foreign Exchange Management Laws, SEBI Listing Regulations, Securities laws for domestic, multinational and listed companies. He is frequently consulted by corporates, Compliance Officers, Company Secretaries, Lawyers, Chartered Accountants on critical corporate law matters and interpretation issues in Corporate and Securities Laws.
He has authored books on Companies (Amendment) Act, 2017 and Related Party Transactions which were well received by the readers. As an avid researcher, he religiously authors articles and dedicated columns on the current case laws, latest happenings in Corporate Laws and articulates his views, which are published in leading professional and business journals. Many of his articles have bagged the ‘Best Article’ award. He also conducts internal training programs and workshops for companies, Law firms, CA firms & CS firms on topics relating to Corporate Laws and Corporate Governance.
Having a flair in teaching, he has been the visiting faculty for Company Law and Investment and Securities Laws at ILS Law College, Pune for 4 years now. He is also a visiting faculty at various colleges in Bangalore, Mangalore and Udipi. He has been invited to participate and address many conferences, seminars and workshops, study circle meetings and training workshops conducted by ICSI, ICAI, Commerce Colleges, Management Colleges and Law Colleges. Presently, he is the Managing Committee Member at the Pune Chapter of ICSI (2019-2022).
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2021
- Edition: 2nd
- ISBN: 978-93-90854-59-2
- No.of Pages: 337
The functions of an Annual General Meeting (AGM) are to present the financial information to the shareholders of company, to discuss future plans/impact of proposed resolutions on business of the company and to obtain the consent (through voting) of owners/shareholders on the proposed resolutions/key decisions. Such meetings provide an opportunity to the shareholders to question the trustees/managers of the company, engage with other shareholders, and seek more information on the key decisions before voting. In view of the current extraordinary circumstances due to the pandemic caused by COVID-19 prevailing in the country, requiring social distancing, MCA allowed companies to conduct annual general meetings and extra ordinary general meetings through video-conferencing (VC) or other audio-visual means (OAVM). For listed companies, SEBI also allowed companies to conduct general meetings through video conferencing or other audio-visual means. 2021 is the second year in which the shareholders meetings are conducted through VC. Recently, the MCA amended the Rules and allowed board of directors to approve annual financial statements, Board’s report, prospectus, amalgamation/ merger, demerger in a meeting through video conferencing. Hence, the ambit and frequencies of the virtual board meetings for matters like the approval of the financial statements, Board’s report, etc. is definitely going to rise and would be slowly a norm.
The revised second edition provides for an analysis of the relevant provisions of the Companies Act and Rules made thereunder, w.r.t. conducting board meetings and shareholders meeting, frequently asked questions (FAQs) and checklist of conducting such meetings. The second edition covers some more important chapters with regard to the virtual meetings of shareholders which includes: (i) Checklist for drafting minutes of board meeting and shareholders conducted through VC, (ii) Draft Scrutinizers Report for general meetings conducted through VC, (iii) Script and guidelines for conducting general meetings through VC, (iv) Comparison in efficiency and shareholders participation in voting postal ballot and participating in general meeting conducted through VC, (v) Role of securities market intermediaries in conducting general meetings through VC, etc.
The purpose is to empower corporate law professionals to conduct or assist in conducting such meetings without affecting the rights of any stakeholders. The purpose of the book is also to ensure that the companies adopt the best corporate governance practices in these challenging times of Covid-19.
The book will be useful to Company Secretaries and Compliance Officers of companies. It will also be helpful for practicing professionals, such as Company Secretaries, Advocates, Chartered Accountants, Cost Accountants, officials working in law enforcing agencies and students as well.
Gaurav Pingle is an Associate Member of ICSI and Commerce Graduate. Gaurav brings in eleven plus years of practice and industry experience, advising on business set-up in India, core Company Law matters from day-to-day compliance to advisory, transaction advisory, Foreign Exchange Management Laws, SEBI Listing Regulations, Securities laws for domestic, multinational and listed companies. He is frequently consulted by corporates, Compliance Officers, Company Secretaries, Lawyers, Chartered Accountants on critical corporate law matters and interpretation issues in Corporate and Securities Laws.
He has authored books on Companies (Amendment) Act, 2017 and Related Party Transactions which were well received by the readers. As an avid researcher, he religiously authors articles and dedicated columns on the current case laws, latest happenings in Corporate Laws and articulates his views, which are published in leading professional and business journals. Many of his articles have bagged the ‘Best Article’ award. He also conducts internal training programs and workshops for companies, Law firms, CA firms & CS firms on topics relating to Corporate Laws and Corporate Governance.
Having a flair in teaching, he has been the visiting faculty for Company Law and Investment and Securities Laws at ILS Law College, Pune for 4 years now. He is also a visiting faculty at various colleges in Bangalore, Mangalore and Udipi. He has been invited to participate and address many conferences, seminars and workshops, study circle meetings and training workshops conducted by ICSI, ICAI, Commerce Colleges, Management Colleges and Law Colleges. Presently, he is the Managing Committee Member at the Pune Chapter of ICSI (2019-2022).
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
