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Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) - Clarification. (General Circular No. 08/2O21)
Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) - Clarification. (General…
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.
General Circular No. 08/2O21
F. No. 2/6/2020-CL-V
Government of India
Ministry of Corporate Affairs
"A" Wing, 5th Floor, Shastri Bhawan
Dr. R.P. Road, New Delhi 110001
Date 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.
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.
Yours faithfully.
(K.M.S. Narayanan)
Assistant Director (Policy)
Copy forwarded for information to:-
1. e-Governance Section and web contents Officer to place this circular on the MCA website and
2. Guard File.
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