What are the consequences if time gap between two board meetings exeeds 4 months???
2 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 06 December 2010
Hi, the law says that each board meeting should be held in one quarter. That means, if one board meeting is held in janaury.., then another should be held by june.... That means, gap between two board meetings can be more than 4 months... The only compulsion is to hold board meeting in every quarter....
Sneha
(Company Secretary)
(1594 Points)
Replied 06 May 2011
Only for listed companies the time gap should not exceed 4 months between two board meetings.. For other companies, dhiraj has rightly explained it..
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