Meetings of the board for small companies

As per section 173(5) of the Companies Act 2013, read with SS1,  SMALL COMPANY SHALL HOLD ATLEAST ONE BOARD MEETING IN A CALENDER YEAR. AND 2 BOARD MEEING IN A CALENDER YEAR AND TIME TIME LAG BETWEEN 2 BOARD MEETING SHALL NOT BE LESS THAN 120 DAYS. IT IS THE MINIMUM BOARD MEETING REQUIREMENT IMPOSED BY THE LAW. SMALL COMPANIES CAN HOLD MORE THAN 2 BOARD MEETING AFTER FOLLOWING THE CONDITIONS GIVEN UNDER SECTION 173(5) FOR BETTER COMPLIANCE PRACTICES.