23 December 2014
1. New act allows participation of Directors in Board Meeting through video conferencing and through other audio visual means by complying the prescribed procedures; 2. At-least 7 days notice to be given for Board meeting; 3. Notice of Board meeting may be given by electronic mode; 4. Not more than 120 days shall be intervene between 2 consecutive board Meetings; 5. Participation through video conferencing shall be counted for quorum; 6. The Rules provided certain matters which cannot be dealt with in a meeting through video conferencing or other audio visual means. 7. At least one meeting in a period of 12 months has to be physically attended by every director 8. Director will Vacate the office if he is absent from all Meetings of the Board during 12 months with or without leave of absence (Attending one BM in a period of 12 months is must).