General meetings by Video Conferencing: Recognising the inevitable
Team Vinod Kothari & Company
corplaw@vinodkothari.com | updated as on 14th April, 2020
“If necessity is the mother of invention, then adversity must be the father of re-invention”, says Johnny Flora. It is a pity that an urgency of such colossal scale should have been needed for the lawmakers for companies to realise that in an age where all businesses are working day and night with meetings and conferences on the internet, and even courts are hearing matters using VC, the ability of a company to conduct general meetings by using VC should have come as a concession, or a limited period dispensation. The MCA Circular of 8th April, 2020[1] (‘MCA Circular’), if it is a precursor to a larger rethinking, is certainly welcome.