Whether a director of a company has to attend at least one Board Meeting in person during a financial year compulsorily

[R V Seckar]

Dear All,

 

As per the MCA Circular  No 17/95/2011-CLV  (General Circular No 28 /2011), the clause 4 (b) states that every director of the company must attend the meeting of the board / committee of directors personally at lease one meeting a financial year of the company.

 

This mean that in case of a non-resident director , he may be even absent for at least three meetings during a financial year with leave of absence granted to them.

 

However , the Secretarial Standard on Board Meetings issued by the ICSI does not contain the above provision.

 

This creates a doubt which one we have to follow?

 

Can someone throw some light on the subject.
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R.V.Seckar

Mobile- 09848915177

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[BINDU MADHAVA]

Under new act read with rules, every director needs to attend one meeting either in physical or in audiovisual/video conference.

Draft rules require physical presence, same got changed in notified rules

regards
Bindu Madhava K G

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[BISWARANJAN PARIDAA]

could you please mentioned  , in which rule ???