What happens if BoD of a company failed to meet once in every quarter as per Companis Act?
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Meeting of board of directors of a company
Replies (7)
As far as I knw...there is no specific penalty referred for violation of Sec 285 if it is public or private company ............but for listed Company Clause 49 will be violated. other views are solicited
Company and every officer who is in default shall be punishable with fine upto Rs.5,000/- u/s 629A.
| Originally posted by : P C Agrawal | ||
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can you mention any link(website) which explains above section in detail?
thanks |
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Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies.
Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies.
| Originally posted by : Pawan Mittal | ||
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Yes Dear Shrikant, provisions of section 285 are applicable for public as well as private companies. |
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thank you!
P C Agrawal Company Secretary [ Scorecard : 1088] Posted 27 days ago Company and every officer who is in default shall be punishable with fine upto Rs.5,000/- u/s 629A.
Read more at: /forum/meeting-of-board-of-directors-of-a-company-250939.asp
As far as i kow its 500 rs & if Contravention continue 50rs for every day.
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