COMPLIANCE RELAXATIONS UNDER THE COMPANIES ACT, 2013 AND RELATED RULES – Eshwars
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COMPLIANCE RELAXATIONS UNDER THE COMPANIES ACT, 2013 AND RELATED RULES

S.No. Category Present requirement Relaxation
1 Relaxation with respect to Directors and Meetings:
a Gap between two board meetings (for unlisted companies) Presently the gap between two board meetings cannot exceed 120 days. The Ministry has provided a one-time relaxation for the gap between two board consecutive board meetings, which may extend to 180 days. This relaxation is applicable till next 2 quarters i.e., till 30th September 2020.

 

b Gap between two board /audit committee meetings (for listed companies)

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