Date of board meeting

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Jailendra Shukla (Querist)
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24 March 2012 Can Anyone tell....
company can fix thier Board Meeting Date of 15th August and 26th January....
Pl reply its urgent

Ajay Mishra

Ajay Mishra (Expert)
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24 March 2012 Hi

Board meetings are normally held during business hours and on a day, which is not a public holiday. However, a Board meeting may validly be held on public holiday. Department has clarified vide Letter No. 8/11(285)/63-PR, dated 2-5-1963 that it would not raise any objection if an original Board meeting is held on a public holiday for the convenience of the directors although it considers that an original Board meeting should normally be held only on a working day.

As per provisions of section 288(1), if a Board meeting is adjourned for want of quorum then the adjourned meeting shall be held at the same day in the next week at the same time and place or if the day is a public holiday till the next succeeding day which is not a public holiday at the same time and place. Therefore, an adjourned meeting should be held only on a working day.

Regards

Jailendra Shukla

Jailendra Shukla (Querist)
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25 March 2012 Thanks you Sir,
I am agree with you, but what is best practice say regarding board meeting held on public holiday like 15th august or 26th Jan.

Ajay Mishra

Ajay Mishra (Expert)
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25 March 2012 Hi

As a good corporate practice i will suggest you to not suggest your management to hold a board meeting on public holiday because it will be inconvenient to directors itself and also intimating to STX and public.

So i will suggest you to ignore holding Board meeting on public holiday.

Regards

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Jailendra Shukla

Jailendra Shukla (Querist)
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26 March 2012 thanks you very much sir,

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