MCA Clarification on Gap between two board meetings under section 173 of the Companies Act, 2013

MCA Clarification on Gap between two board meetings under section 173 of the Companies Act, 2013

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)