Dear Devi Prasad
As per the provisions of section 285 of the Act, a company must hold at least four meetings of the Board in a year and such meeting must be held at least once in every three months. The expression "every three months" should mean three months taken togather. Provisions of this sections will be fulfilled if the Board of a company meet on the 1st of January, or the 31st of the March, or any date in between. Next three months should naturally comprise April to June. Similarly, the Board may at least meet on a particular date during July to September and so on. In section 285 as it stands, there is no scope for making backward calculation.
As per clause 49 of the listing agreement, the Board shall meet at leastt 4 times a year with a maximum time gap of three months between any two meetings.(For Listed Company)
As per Secretarial Standard on Board Meetings issued by ICSI, the Board should meet at least once in every three months, with a maximum interval of 120 days between any two meetings such that at least 4 meetings are held in eachyear.
Regards
Ajay