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