comfor
Joined: 17 Jun 2013
Posts: 18
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 Posted: Fri Jun 21, 2013 6:55 am Post subject: What should be the time interval between two board meetings? |
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According to Section 285 of the Companies Act, a meeting of board of directors of a company shall be held at least once in every three months and at least four such meetings shall be held in every year. Therefore, there cannot be a gap of more than 3 months between two board meetings. For instance if the first meeting takes place on any day before the 31st March in a certain year, then the second meeting would be due in between the time of April and June, on any particular day.
Exception:As per the provisions of Companies Act, 1956, a company licensed under Section 25 has the privilege to hold the board meeting at least once in every six months. Read More....
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