Board Meeting through VC
(Querist) 09 May 2008
This query is : Resolved
Mr Rajesh Kumar kindly tell me which section of the Companies Act affirms convenning the Board Meeting through VC. Unless and untill I find a specified section of the concerned Act in support of our view how can I persuade the Board to proceed ? Are there any recent past instances where we find a company (Indian) to convene BM through VC if so kindly send their names.
(Expert) 26 May 2008
Although i dont practice in the relevant field, it is diffcult to quote rules/sections etc. Nevertheless, i am not aware of any expressed provision in the Company Act which prohibits board meeting through VC.
It is a general principle of common law, which we follow in India, that an act is perfectly legal unless until it is prohibited by a provision of law. As there is no such provision prohibiting board meeting through VC, it is perfectly legal.
I have already stated, i dont practice in this area of law. It is therefore suggested that you may consult a legal practitioner practicing in the field.