Board meeting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2014 Dear All,

Plz. let me know in case of small company, upto what time it is mandatory to hold 1st board meeting ? since some company have not filed yet MGT - 14 for disclosure of interest.

Whether it could be 30th sep. i.e. 6 month from 1st April ? Since act says that in these type of companies 2 board meeting should be held in each calender year.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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21 October 2014 A small company may hold only two board meetings in a year, i.e. one Board Meeting in each half of the calender year with a minimum gap of ninety days between the two meetings. Kindly note that it is not mandatory for small company to hold only 2 board meeting in a year. Companies Act 2013 does not prohibit small company from holding more than 2 board meeting. However, if only 2 board meetings are held in a calendar year provisions relating to 90 days gap should be followed.