Board meeting compulsory?

I agree  that directors may have to take help of professionals for detailed and indepth analysis of company law provisions.  However, the points raised are the basic things which directors are supposed to be aware of while forming a company.  Company has a distinct legal identity from its shareholders and day to day affairs are managed by directors.  Even if the company is not functioning, 4 Board  meetings in a year are mandatory for all companies.  All companies have to  prepare their Balance Sheets and file with ROC every year after approval in AGM.

@ Adit A

even though directors and shreholders are same but law recognize then sepretaly and in this respect every company whether functining or not has to follow all provisions of law.