Board meetings as per ca 2013

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CS
64 Points Posted on 30 April 2014

Dear All,

Section 173 of CA 2013 says that at least 4 bm should be held in a year and not more than 120 days gap should be there in two bm. My query is whether "year" means calendar year or financial year
 
Suppose a BM was held on 01.02.2014, will the company be required to hold BM on or before 31.05.2014? or it will be applicable from 01.04.2014 for fresh financial year.
 
Thanks
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On 30 April 2014 at 11:21 Report
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Registered independent director Past Ch
5233 Points Posted on 30 April 2014

Year means a year as per British calendar - Refer Sec.3(66) of General Clauses Act 1897.

 

 

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On 30 April 2014 at 11:33
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Practising Company Secretary
8218 Points Posted on 30 April 2014

As per my understanding, it will be financial year....

 

The language is same as used in Clause 49 by SEBI wherein it is normally taken as FY....

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On 30 April 2014 at 17:52

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