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Minutes of board meeting

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Malathi.S

Trichy

65 Points Posted on 15 September 2020

Board meeting was delayed for 15 mins not for want of quorum, due to other issue. In that case do we need to mention the reason as to why the board meeting was delayed.

Please advise. Thanks!

Replies (2)

Quick Summary

This discussion seeks advice on whether to explicitly state the reason for a 15-minute delay in board meeting minutes, particularly when the delay was not due to a lack of quorum but another issue. The context includes recent government exemptions related to COVID-19, which extended deadlines for filings and board meetings. The core question remains about the necessity of documenting such minor delays.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 15 September 2020

The government in March,2020 announced a slew of exemptions for the companies in a bid to help them face the unprecedented situation arising out of the coronavirus (Covid-19) outbreak. Companies will not be penalised for late filing of documents, including annual returns, and other statements.

Also, the mandatory requirement of holding board meetings within the prescribed time as per the Companies Act (120 days) has also been extended by 60 days till the next two quarters — September 30, 2020.

Malathi.S

Trichy

65 Points Posted on 15 September 2020

Hi, thank you for the response.

My query is that do we need briefly mention the reason for delay of meeting for 15 minutes in the board meeting minutes. Also delay is not for want of quorum, it is due to other issue.

please advise.