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Board Meetings

sairam (Charterad Accountants) (42 Points)

07 December 2009

Can any one clarify that Board Meeting to be held between AGM to AGM or financial year?

Sairam

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17 Replies

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 07 December 2009

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)

sairam (Charterad Accountants) (42 Points)
Replied 07 December 2009

Dear Mohit,

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

Sairam

MOHIT MAHAJAN (LCS, ACA) (2050 Points)
Replied 07 December 2009

Its calendar year i.e. between January to December

CA.SKR (CA; CS-Final (One Group); DISA (ICAI); Insolvency Professional) (442 Points)
Replied 07 December 2009

I agree with Mohit Mahajan.

Ansari (ca final) (444 Points)
Replied 07 December 2009

Originally posted by :CA.Satendar Kumar
"	I agree with Mohit Mahajan.	"

NANDINI MASAND (learner ) (330 Points)
Replied 07 December 2009

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...............

NARENDER PAWAR (CA final Student) (337 Points)
Replied 08 December 2009

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

Rasesh (CS CWA MBA (Fin) B.Com LL.B (Spl)) (6501 Points)
Replied 08 December 2009

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.

Airody Manjunatha Alse (ca) (100 Points)
Replied 08 December 2009

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.

CourseCart.in (Mentor at SHAYVIDZ Academy) (3756 Points)
Replied 08 December 2009

Mohit is correct..

SREEKUMAR.K (Junior Audit Manager) (28 Points)
Replied 09 December 2009

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].