GAP BETWEEN TWO BOARD MEETINGS

Suppose the company did not conduct a BM within 120 days, what is the consequences? Is there any penalty or can they go for compounding? There was a delay of 5-6 days in holding the meeting

Hi Veena

Going through the same problem. Can you please share your findings on the subject matter

Hi,

In the case of a small company, what if the gap between two consecutive meetings is less than 90days?

Two scenerios come to my mind though there may be more.

1) More than one meeting in the same calendar half. This can happen if the company has to take some important decisions and cannot wait. If so which meeting will taken up for counting the gap of ninety days when a subsequent meeting is held in the next calendar half? For example, a meeting in Jan, March, April, May, July , August & September. 

2) Two meetings take place one in each calendar half, but they are less than 90days apart. 

How will compliance with Revised SS-1, para 2.1 be achieved in each of these cases?

Regards,

Geetha