Meaning of year u/s 173 (1) (minimum number of board meetings) of companies act, 2013
This query is : Resolved
27 December 2016
under this section, there is a provision that every company shall hold 4 meetings of BOD every year.
here year means what??
calendar year or financial year
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03 January 2017
Companies Act, 2013 does not specify whether it is calendar year or financial year. However Secretarial Standards -1 has clarified that it should be four meeting in a calendar year (Clause 2.2 of SS-1).
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