Section 173 of CA 2013 : Section 173: Meetings Of Board
CA 2013
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Explanation using Example
Imagine a scenario where "Tech Innovations Pvt. Ltd." was incorporated on January 1, 2023. According to Section 173(1) of the Companies Act, 2013, the company must hold its first Board of Directors meeting by January 31, 2023. Additionally, throughout the year, the company must ensure that it holds at least four Board meetings, with not more than 120 days between two consecutive meetings.
For the second meeting, the directors decide to use video conferencing due to travel restrictions. This is permissible under Section 173(2), provided the technology used can record the proceedings and the participation of the ...
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