Under regulation 17(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, what is the longest time gap allowed between two consecutive meetings of the board of…
Question and options
Under regulation 17(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, what is the longest time gap allowed between two consecutive meetings of the board of directors of a listed entity?
60 days
90 days
120 days
180 days
Answer and explanation
Correct answer: C - 120 days
Regulation 17(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 requires the board of a listed entity to meet at least four times in a financial year, with a maximum gap of one hundred and twenty days between any two consecutive meetings. Ninety and one hundred and eighty days are not the limits the regulation sets; the temporary relaxation of this gap was confined to the COVID-19 period in 2020.
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