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Ministry of Corporate Affairs Extends Period for Holding Meetings of Board of Companies - (04 May 2021)


Ministry of Corporate Affairs has notified that the requirement of holding meetings of the Board of the companies as per 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.


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