Quick Summary
The Ministry of Corporate Affairs has issued a clarification on the gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) and the samestands extended by a period of 60 days for the first two quarters of Financial Year 2021-22. Read the official notification below: Ge
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FAQ :
The MCA has clarified that the gap between two board meetings under section 173 of the Companies Act, 2013, is extended by 60 days for the first two quarters of Financial Year 2021-22.
The clarification has been issued due to difficulties arising from the resurgence of Covid-19 and requests received from stakeholders.
The usual time limit between two consecutive board meetings, as per section 173 of the Companies Act, 2013, is 120 days.
The maximum gap between two consecutive board meetings can now extend up to 180 days for the quarters of April to June 2021 and July to September 2021.
This extension applies to the first two quarters of the Financial Year 2021-22.
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