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Number of board meetings in a year

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Company Secretary
84 Points Posted on 16 March 2015
section 173 of comapnies act 2013 says that every company shall hold 4 board meeting in a year and gap between two consecutive board meeting should not be more than 120 days. Now I need clarification on word "year". Should it be a financial year or calendar year?
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On 16 March 2015 at 16:30 Report
Replies (14)
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CA final CS executive (from Bangalore)
1881 Points Posted on 16 March 2015
Calendar year only.....
5 Reply
On 16 March 2015 at 16:33
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Consultancy
93 Points Posted on 16 March 2015

Hi Ravi Saini,

I think the year is financial year (Apr-Mar) of the company in the context of holding board meetings

1 Reply
On 16 March 2015 at 17:26
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Practice
62 Points Posted on 16 March 2015
Year means calendar year Jan -Dec
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On 16 March 2015 at 17:59
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student
25 Points Posted on 16 March 2015
According to General clauses act ,1897 a 'year' means a period of 12 months running from 1st jan to 31st Dec
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On 16 March 2015 at 19:35
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ca final
22 Points Posted on 16 March 2015
I think Its fy ie.apr to march
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On 16 March 2015 at 20:15
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just student
333 Points Posted on 16 March 2015
It's financial year.
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On 16 March 2015 at 21:44
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teacher
23 Points Posted on 16 March 2015
It is calendar year
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On 16 March 2015 at 23:12
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ARTICLE CLERKS
30 Points Posted on 17 March 2015
Jan to dec sure shot
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On 17 March 2015 at 00:47
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NA
26 Points Posted on 17 March 2015
It is calendar year. As act specifically says financial year when it has to refer to it.
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On 17 March 2015 at 02:14
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Student
53 Points Posted on 17 March 2015
It is clearly given u/s 173(1),the word 'year' means a Calendar Year.
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On 17 March 2015 at 09:48
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Article Assistant
21 Points Posted on 17 March 2015
It's calendar year...
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On 17 March 2015 at 13:38
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Audit Officer
152 Points Posted on 17 March 2015
Its financial year not calendar year...
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On 17 March 2015 at 20:30
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ARTICLE
40 Points Posted on 05 October 2015

calender year sure

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On 05 October 2015 at 17:55
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Company Secretary
4210 Points Posted on 06 October 2015

In this regard, whether you consider year as a calender year or financial year, the resultant effect remains the same. According to the Companies Act 2013, it recognises financial year i.e. 1st April to 31st March

47 Reply
On 06 October 2015 at 16:02


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