Dear All,
As per sec 173, the BOD of a company should meet 4 times a year with a gap of less than 120 days between consecutive meetings.
Would this mean that if a company meets only 4 times a year, with all meetings in one calendar half of the year and no meetings in the other half and there will be full compliance with sec 173?
Would the answer be different if the company in question is a small company - since the requirement of holding only 2 meetings in a year with a meeting in each calendar half with a gap of minimum 90 days is only deemed compliance. that is if a small company holds 4 meetings all in one calendar half, would it be compliance with sec 173?
Regards,
Geetha
CAclubindia
