As per section 285 the 1 Board meeting should be held in every 3 month. And in the explanatino it is clear that the 1 BM can be held in january and second in June. And it will be in accordance of section 285. Thus as per companies Act there will be no problem.
Futher in terms of listing agreement please refer to clause 41 where if the company opt for Audited Financial Results has the time of 3 months form the end of quarter for the board meeting so the Board meeting can be held upto 30th of June.
Further, under clause 49 the board meeing the BM must be held within 4 month.
Thus, the Board meeting must be held Upto 3rd May, 2009.
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