Q.As per Section 173 of the Companies Act, 2013, the gap between two consecutive Board Meetings should not exceed:
(A) 60 days
(B) 90 days
(C) 120 days
(D) 180 days
Section 173 of the Companies Act, 2013 requires every company to hold a minimum of 4 Board Meetings in each calendar year. Alongside this minimum count, the Act also imposes a spacing requirement: the gap between any two consecutive Board Meetings must not exceed 120 days. This dual requirement — a minimum number of meetings AND a maximum permissible gap — ensures that Board oversight is spread evenly across the year, rather than a company technically satisfying the "4 meetings a year" rule by holding all of them bunched together in a short period and then leaving several months with no Board scrutiny at all. Among the given options, 120 days is the figure prescribed by the Act.
(C) 120 days is the maximum permissible gap between two consecutive Board Meetings under Section 173.
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