CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Board meeting


Ashish Sharma (Service)     21 March 2014

Ashish Sharma
Service 
 68 likes  1028 points

| My Other Post

Section 173 of CA 2013 says "Every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board"

 

please let me know whether "every year" in above section means Jan to Dec or the year starts with incorporation month,

 

eg. if Company incorporated in Nov. then should I count every year from Jan to Dec or Nov to Oct. Second query is whether in first year minimum four meetings includes first board meeting or not, the confusion due to word line " and thereafter hold a minimum number of four meetings of its Board of Directors every year"

avater

P C Agrawal (Retired as VP (Corporate) & Co. Secretary of Aurangabad Electricals Ltd in 2019)     21 March 2014

P C Agrawal
Retired as VP (Corporate) & Co. Secretary of Aurangabad Electricals Ltd in 2019 
 823 likes  8076 points

View Profile | My Other Post

It will be  British calendar year as defined in Section 3(66) of General Clauses Act 1897.

 

avater

C.A.SUNIL HUKKERI (CHARTERED ACCOUNTANT)     22 March 2014

C.A.SUNIL HUKKERI
CHARTERED ACCOUNTANT 
 2 likes  58 points

View Profile | My Other Post

the year is defied only for one person company, small company as calender year and for other companies it is silent.

In Companie Act-1956 it was calener year but in companies act-2013 the year is silent in section 173.

Seems aggarwal Sir is correct we need to consider calender year and not financial year.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Popular Discussion


view more »



Trending Tags
tin nsdl
itc
gst portal
icai
taxpayers
eway bill
dvat
ca exams may 2020
custom
students
gst return
Service Tax
unified portal
exams
gstr 9
companies act 2013
tds
ca rankholder interview
itr
ca
ca students
Info Technology