The Ministry of Corporate Affairs (“MCA”) vide General Circular No. 10/2020 dated 23.03.2020 has already clarified that spending CSR funds for COVID-19 related activities shall qualify as CSR expenditure. It was further clarified that funds may be spent for various activities related to COVID-19 under items nos. (i) and (xii) of Schedule VII relating to … Continue reading CLARIFICATION ON ELIGIBILITY OF CSR EXPENDITURE RELATED TO COVID-19

BACKGROUND The provisions of the Companies Act, 2013 (“Act”) allow ordinary and special resolutions to be passed through postal ballot or e-voting route (please refer to Section 108 for e-voting and Section 110 for postal ballot). However, there is no provision under the Act regarding holding of General Meeting through video conferencing (VC) or Other … Continue reading COMPANIES ARE ALLOWED TO HOLD EGMS THROUGH VIDEO CONFERENCING AND OTHER AUDIO VISUAL MEANS