Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) – Clarification
F No 2/6/2020-CL-V
Government of India
Ministry of Corporate Affairs
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 wee of the difficulties arising due to resurgence of Coed-19 and requests received from stakeholders, 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
This issues with the approval of the competent authority
Yours faithfully,
(KMS Narayanan)
Assistant Director (policy)
Copy forwarded for information to –
- e-governance section and web contents officer to place the circular on MCA website and
- Guard file
