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BOD MEETING

joshineha4807@gmail.com (76 Points)

02 August 2018

Is there any relief for small companies in holding board meeting?

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5 Replies

Ismail Shekh (57 Points)
Replied 06 August 2018

A small company may hold only two board meetings in a year.i.e.one board meeting in each half of the year and the gap between two consecutive meeting shall not be less than 90 days.

Here,year means a calender year.

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joshineha4807@gmail.com (76 Points)
Replied 06 August 2018

Thank you
can you mention the section

Ismail Shekh (57 Points)
Replied 06 August 2018

actually it is not mentioned in any section of the Act.it may be mentioned in rules or in notification.
SORRY I can't recognise where it is mentioned,but it is.

cmacs sathya (31 Points)
Replied 21 August 2018

sec 173 specifies this

Law Aspire (CS) (755 Points)
Replied 23 August 2018

If the company holds 4 board meeting , then what about minimum gap of 90 days between two consecutive meeting, will it be illegal if 2 meeting held with 60 days