Can you please tell me whether the board meetings can be held through video conferencing?
The facts of the case are:
One private limited company which is a subsidiary of the company abroad.It has appointed 5 directors wherein all the 4 directors are from the abroad and the 1 director is in India who is also a Managing Director.
Now when the board meetings are to be held and to have a valid quorum bare minimum of 2 directors are required and hence all the time atleast 1 person from abroad has to come to India just for thr sake of valid meeting, and hence the company is incurring huge travel costs for the directors travel to India.
Hence can we suggest to the board that board meeting can be held through video conferencing which would be valid in terms of provisions of the company Act.
CA Sanjay Nahar ACA ACS