In a private limited company one board meeting was held in January 27. Can the second board meeting be held on
25th June?
It is not a listed company so the questionof listing agreement does not arise.
Vishakha
7 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 21 June 2010
Hi Vishakha,
In your case board meeting on June 25 (quarter two) is very much possible and in sync with the provisions of section 285.
If you hold one BM on January 01 and other BM on June 30, then also it is perfectly fine and as per section 285.
Revert if there is any doubt
Best Regards
GOPAL AGARWAL
(CA (FINAL) CS FINAL STUDENT)
(159 Points)
Replied 21 June 2010
Ankur sir,
sir, the sec 285 also says that not more than 120 days must exceeds between two meetings. But in the present instance 120 days is exceeding between 27 january and 25 th june . so how can the second board meeting held on the 25th of June.
Please make my concept correct if i m wrong
thanking you
Gopal Agarwal
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 21 June 2010
Please go through section 285 again as there is nothing like 120 days provision as mentioned by you.
Thanks
GOPAL AGARWAL
(CA (FINAL) CS FINAL STUDENT)
(159 Points)
Replied 21 June 2010
Thank you ankur sir for making me correct
sorry for the statement as i have made withoy going through the section carefully.
Thanks
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 21 June 2010
It’s perfectly fine buddy. We all are here to discuss and improve our knowledge. Also thanks Raza for valuable inputs.
Cheers !!!
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