Meetings of board of directors

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This query is : Resolved

CA Sweta (Querist)

06 December 2017 My client company is private limited company and it fulfills criteria of small company.
In Small company at least one board meeting to be held in each half of calender year and gap between two meetings not less than 90 days.

My client company incorporated on 21-04-2016.So following board meetings held during Financial year 2016-17.Kindly suggest is below dates of board meeting is in contravention to above provision or not.

First Board Meeting:05/05/2016
Second Board Meeting:16/05/2016
Third Board Meeting:23/08/2016
Fourth Board Meeting:03/02/2017

First Meeting is duly held within 30 days of incorporation..and gap between 2nd,3rd and 4th meeting is greater than 90 days..but gap between first and second board meeting is less than 90 days ...so I am confused

Kindly say..Its urgent

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

06 December 2017 No Contravention of provisions.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

06 December 2017 For counting minimum meetings, 2nd and 3rd meetings can be ignored, thereby gap of not less than 90 days is satisfied, hence no contravention.

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