Companies Act

Gap between two consecutive Board meetings may extend to 180 days during Quarter – April to June 2021 & July to Sep 2021

Gap between two consecutive Board meetings may extend to 180 days during Quarter – April to June 2021 & Quarter – July to September, 2021 – MCA

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 fast 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)

Download Circular Click Here >>

Share

Recent Posts

  • Income Tax

Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.

ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…

2 days ago
  • Income Tax

Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT

Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…

4 days ago
  • ICAI

Last date to submit MEF 2026-27 extended to 09.09.2026

ICAI has extended the last date to online submit Multipurpose Empanelment Form (MEF)- 2026-27 from 29th August 2026 to 9th…

4 days ago
  • Income Tax

Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand

Can a demand notice be issued u/s 156 for non-payment of Dividend tax u/s 115-O, when as per assessment order…

6 days ago
  • Income Tax

Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts

The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…

7 days ago
  • Income Tax

TDS can’t be denied for non deposit of tax deducted by the deductor – High Court

One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…

1 week ago