MCA has vide its order dated 24th March 2020 announced that CARO 2020 will applies, for the financial years commencing on or after the 1st April, 2020 instead of financial years commencing on or after the 1st April, 2019. Decision is been take considering recent Outbreak of Corona Virus.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
ORDER
New Delhi, the 24th March, 2020
S.O. 1219(E). In the order of the Government of India in the Ministry of Corporate Affairs number S.O. 849(E), dated the 25th February, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 25th February, 2020, in paragraph “2. Auditor’s report to contain matters specified in paragraphs 3 and 4″, for the words and figures “1st April, 2019″, the words and figures “1st April, 2020″ shall be substituted.
[F. No. 17/45/2015-CL-V Part I]
K.V.R. MURTY,
Joint Secretary to the Government of India
What if in the calender year the company can only hold 3 meetings in the FY 2020-21. Then can we show that due to the above relaxation we cannot conduct 4 Board Meeting in the Calender year.