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 same stands extended by a period of 60 days for the first two quarters of Financial Year 2021-22. Read the official notification below:
General Circular No. 08/2021
F. No. 2/6/2020-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, 'A' Wing, Shastri Bhawan,
Dr. R. P. Road, New Delhi
Dated: 03-05-2021
To
The DGCoA,
All Regional Directors,
All Registrar of Companies,
All Stakeholders.
Subject: Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) - Clarification - reg.
Sir/Madam,
In view of the difficulties arising due to resurgence of Covid-19 and requests received from stakeholders, it has been decided that the requirement of holding meetings of the Board of the companies within the intervals provided in section 173 of the Companies Act, 2013 (120 days) stands extended by a period of 60 days for first two quarters of Financial Year 2021-22. Accordingly, the gap between two consecutive meetings of the Board may extend to 180 days during the Quarter - April to June 2021 and Quarter - July to September, 2021, instead of 120 days as required in the Companies Act, 2013.
2. This issues with the approval of the competent authority.
Yours faithfully,
(KMS Narayanan)
Assistant Director (policy)
Copy forwarded for information to:-
1. e-governance section and web contents officer to place the circular on MCA website and
2. Guard file.
CAclubindia
