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Board meeting

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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2013 Hello!!!

A PQR Pvt. Ltd. company has held his Board Meeting in month of April. Can we held the next meeting of Board of Directors in month of September. Please Reply.

Ajay Mishra

Ajay Mishra (Expert)
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14 June 2013 Hi

The Department has clarified vide Circular letter No. 40/3/72-CL-III, dated 2-6-1973, that there is a clear distinction between 'every' and 'each'. 'Every' directs attention chiefly to the totality, 'each' chiefly to
the individual's composing it. In view of this distinction, the expression 'every three months' occurring in section 285 should naturally means three months taken together. Provisions of section 285 will be fulfilled if the Board of directors meets on the first of January, or the 31st March, or any date in between. Next three months should naturally comprise April to June. It is open to the Board of directors to meet on any date during three months from April to June. Similarly, the Board may, at least, meet on a particular date during July to September and so on. In section 285 there is no scope for making backward calculation.

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