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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2010 is it complusory for a private limited company to hold board meeting once in every quarter? if any private company did not comply then what is the consequences under the indian companies act,1956?
please clarify with case law if any.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 March 2010 all companies required to full fill the conditions of secation 285.
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Rasesh

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Rasesh (Expert)
17 March 2010 Agree with Expert.
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Ankur Garg

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Ankur Garg (Expert)
17 March 2010 Yes BM in every quarter is mandatory for every company. In case of default residuary penalty under section 629A would be applicable.

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