Question

    Section 173 of the Companies Act, 2013 mandates that a

    minimum of four board meetings should be held in a year with a gap of not more than ___ days
    A Thirty days Correct Answer Incorrect Answer
    B Sixty days Correct Answer Incorrect Answer
    C Ninety days Correct Answer Incorrect Answer
    D One hundred and twenty days Correct Answer Incorrect Answer
    E One hundred and eighty days Correct Answer Incorrect Answer

    Solution

    Section 173. Meetings of Board: (1) Every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.

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