Regulatory Alerts2024-09-18
Added · Updated
BRPD Circular Letter No. 43: Conducting Meeting in Hybrid Mode
The circular cancels previous directives (BRPD Circular Letters No. 09, 26, 34, and 12) that permitted hybrid or video conference meetings for bank boards and committees during the pandemic. It explicitly authorizes foreign directors of banks that are not wholly domestically owned to participate in Board of Directors and subsidiary committee meetings via online attendance. This directive is issued under Section 45 of the Companies Act, 1991, and takes immediate effect.
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