Board Meetings

Penalty under Section 629A is fine upto Rs.5000 and in case of conituing offence, Rs. 500 everyday.

Dear all sec 285 says that there should be a board meeting in every three month and four meeting to be held in every year. As per requirement of compliance certificate while looking for the compliance of the company a company secretary check the provision from 1st april to 31 march of the year. so 4 Board meeting should be held in a financial year of the company. 

As per clause 49 of listing agreement the time gap between two board meeting can not exceed more than 4 months.

Please keep the same in mind while fixing the date of Board Meetings.