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
CAclubindia
