8 Replies
Puja Modi
(CS Qualified & CA Final Student)
(48 Points)
Replied 23 February 2010
yes.. its mandatory to hold a board meeting in every quarter..
Vijay gandhi
(consultant)
(567 Points)
Replied 23 February 2010
bt the company is conducting 4 meeting already...is it nt enough..????
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 23 February 2010
As per section 285 of the cpmpanies act, 1956 it is mandatory for a company to conduct a board meeting in each quarter.
If you conduct 4 board meeting in a months then this is not the correct compliance of section 285.
Section 285 is about at least one board meeting in each quarter.
Revert if there is any doubt.
sachin sharma
(pcc student)
(79 Points)
Replied 23 February 2010
ya agree with ankur garg sir, as per section 285, "Board to meet at least once in every three calender Months", which means company shall at least one Board meeting in every Quarter.....
AFZAL SHERJI
(CA)
(262 Points)
Replied 24 February 2010
I too agree with Ankur Garg sir, but I would like to know that what if sec 285 is not complied means what will be its Consequences on not having a Board meeting at least one board meeting in each quarter
.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 24 February 2010
| Originally posted by : AFZAL SHERJI | ||
 |
I too agree with Ankur Garg sir, but I would like to know that what if sec 285 is not complied means what will be its Consequences on not having a Board meeting at least one board meeting in each quarter . |
 |
Then in that case residuary penalty under section 629A would be attracted.
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