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

Information in loose papers not corroborated with assessee, can’t be said to belong to assessee

When information contained in loose papers not corroborated with assessee, there is absolutely no room for presumption that it belongs…

14 hours ago
  • Income Tax

Setting aside remand order of CIT(A) without interfering with direction to delete addition, did not revive AO’s order

When CIT(A) order to remand case to AO was set aside without interfering with direction to delete addition, order of…

16 hours ago
  • arbitration

Whether Arbitral Tribunal can grant a prohibited claim in a contract – Larger Bench to decide

Whether a prohibited claim in a contract applies only to the employer and not to the Arbitral Tribunal – Matter…

2 days ago
  • contract-law

Court can examine contractual employee termination on sole ground of ineligibility

Where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled to examine its correctness…

2 days ago
  • EPFO

Upon deceased acquiring family, as specified earlier GPF nomination became invalid – SC

Upon deceased acquiring family, GPF nomination in favour of mother became invalid and in absence of fresh nomination, mother and…

2 days ago
  • GST

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details

GSTN Advisory on Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A As…

2 days ago