The Ministry of Corporate Affairs vide Notification dated 3rd May 2021 has relaxed the provisions of holding Board Meeting under Section 173 of the Companies Act 2013.

The Act requires a company to hold Board Meetings not exceeding a period of 120 days, however, due to the current Covid-19 resurgence, the gap between Board Meetings has been extended by the Ministry from 120 days to 180 days for the first two quarters of FY 2021-22  thus extending the time by an addition of 60 days.   

Accordingly, the gap between two consecutive Board Meetings may extend to 180 days during the quarter April – June 2021 and July – September 2021 instead of earlier 120 days.