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

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.

 

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