Consequences if board meetings not conducted as per company
This query is : Resolved
10 February 2012
Dear sir/madam,
Can you tell me the consequences if board meetings are not conducted as per company law.
If possible tell me the section.
Thanks and Regards,
Sireesha.
Can you tell me the consequences if board meetings are not conducted as per company law.
If possible tell me the section.
Thanks and Regards,
Sireesha.
10 February 2012
Section 285 of the Companies Act,1956 does not specify the penalty for not holding Board Meetings. Therefore, section 629A can be initiated, the penalty therein is Rs 5,000.00
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