whether consecutive gap of 120 days will be for that year itself or will continue to next year also
Eg: if last(4th) board meeting for the calendar year 2016
is held on 15th December
Is in the year 2017 first board meeting is to be held with in 120 days from 15th December 2016 or not????
The board shall meet at least once in every calender quarter, with a maximum interval of 120 days between any two consecutive board meetings.
Yes as SS 2 they should conduct board meeting within 120 days even if it Convey in previous calender year.
CAclubindia
