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    Minimum number of board meetings in 2020

    Posted By : Sachin / Published on : 21-Dec-2020 02:43 PM / View : 407 / Comment : 0

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    Dear All,

    As per the MCA Circular dated 24th March, 2020, relaxation is provided in terms of the gap between two board meetings to be 180 days instead of 120 days as per Section 173 of the Companies Act, 2013. If a company makes use of this relaxation, the number of board meetings held in a year falls below the minimum number of 4 board meetings required in a year. Is that ok?

    The circular doesn't expressly mention regarding the exemption given for the number of meetings to be less than 4. Request learned members to share your views on this.

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