A Board Meeting is a formal meeting of the board of directors of an organization, held usually at definite intervals to consider policy issues and working of the company. The conduct of board meetings is almost entirely regulated by the Companies Act.
What should be the time interval between two board meetings?
According to Section 285 of the Companies Act, a meeting of board of directors of a company shall be held at least once in every three months and at least four such meetings shall be held in every year. Therefore, there cannot be a gap of more than 3 months between two board meetings. For instance if the first meeting takes place on any day before the 31st March in a certain year, then the second meeting would be due in between the time of April and June, on any particular day.
Exception: As per the provisions of Companies Act, 1956, a company licensed under Section 25 has the privilege to hold the board meeting at least once in every six months. read more...
Company Registration in India |
Company Registration Procedure |
FDI Policy
