Board meetings as per ca 2013

Siddharth Singh (CS) (134 Points)

30 April 2014  

Dear All,

Section 173 of CA 2013 says that at least 4 bm should be held in a year and not more than 120 days gap should be there in two bm. My query is whether "year" means calendar year or financial year
 
Suppose a BM was held on 01.02.2014, will the company be required to hold BM on or before 31.05.2014? or it will be applicable from 01.04.2014 for fresh financial year.
 
Thanks