Board Meetings

Board meeting should be held once in every 3 months and at least 4 meetings should be held in a year.  If 4 meetings are held in a calendar year and one in each quarter, the time gap between 2 meetings may exceed 3 months. ( Maximum Gap between two meetings as per clause 49 of listing agreement is 4 months)

Dear Mohit,

As per you Information the Board Meeting to be held between financial year?

Sairam

Its calendar year i.e. between January to December

I agree with Mohit Mahajan.

i   wud  like  2  add  in  above  mentioned  statement  that  Board  meetin  shud b  held  in  each  quarter   bt  gap  beween  2  AGM   may  b 15  month...............

board meeting can be conducted between january to december in each calender year

The simple rule is that you should have atleast one board meeting every quarter. If one meeting is on 1st jan, the next can be on 30th June. Min. 4 Meetings in a year.

The board meeting of the company should be held in every quarter, atleast 4 meeting in a  year. Since the financial year of the company is April to march and the purpose of the meeting is to discuss about the business transaction, it must be the financial year. 

Mohit is correct..

285. Board to meet at least once in every three calendar months
[285. Board to meet at least once in every three calendar months

In the case of every company, a meeting of its Board of directors shall be held at least once in every [three months and at least four such meetings shall be hold in every year].

So what Mohit said is absolutely right. Here year denotes calendar year.ie from Jan to Dec.

Adding to Rashesh's point, if the company is listed then the gap between 2 board meetings cannot exceed 4 months.

wat r d consequences for not holding  1 bm per quater

Originally posted by : riddhi
	wat r d consequences for not holding  1 bm per quater

Though there is no penalty for non-compliance of Section 285 but the offence of this section is punishable under Section 629A.