SEBI prescribes procedures for board members who intends to participate through video conferencing

Notification No. SEBI/LAD-NRO/GN/2022/110, Dated 09.12.2022

SEBI has notified an amendment to the SEBI (Procedure for Board Meetings) Regulations, 2001. Now, Member who intends to participate in a meeting through video conferencing or any other audio-visual means shall communicate the same sufficiently in advance to the Chairperson or the Secretary of the Board and in such case, the procedure as specified in Schedule I to the SEBI (Procedure for Board Meetings) Regulations, 2001 shall be complied.

Schedule I provides that on receipt of intimation from the Member, the Board shall make necessary arrangements of video conferencing or other audio-visual means to enable such Member to attend the meeting through video conferencing or other audio-visual means. Further, such members participating in a meeting through video conferencing or other audio-visual means shall be counted for the purpose of quorum.

Also, the Attendance of the Members who participated through video conferencing or other audio-visual means shall be recorded in the attendance register as “Participated through video conferencing” and the attendance register shall be deemed to have been signed by such Members.

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