Meeting of Independent Directors

    Posted By : CS Gaurav / Published on : 08-Feb-2018 10:48 PM / View : 203 / Comment : 0
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    MCA vide notification dated 5th July 2017 prescribed that the Independent Directors(ID) should hold at least one meeting in a financial year. However, the revised SS-1, which came into effect from 01.10.2017, mention at para 2.3 that the IDs should meet at least once in a calendar year(same wordings were there In old SS-1 as well). How SS-1 could not be revised as per notification of July 2017 ? What is the correct position now ?
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