Gap between two board meetings u/s 173(5) of the companies a

1221 views 3 replies

A One Person Company, small company and dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of  Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days.

 

My interpretation says

  1. That first board meeting of second Half calendar year should be held after 90 days from the date when the board meeting of first half calendar year was held.
  2. If more than one board meeting is held in one half calendar year then gap between that two meetings can be less than 90 days.

Kindly suggest if I am wrong anywhere.

Replies (3)

no gap between any two meetings of board should not be less than 90days

Pratibha,

You are absolutely right in your interpretation, gap should not be less than 90 between two meeating conducted in first half year and second half year and gap can be less than 90 days between two meetings held in same half year.

Yes agreed with the interpretation.  Idea is that it should not happen that all meetings are held in one half year only and there is no meeting in second half for over 90 days gap.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details