Query regarding Board Meetings
If a Board Meeting is not held within 120 days what are the consequences on Company and Directors in default .
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Query regarding not conducting Board Meeting in required time
Replies (1)
Failing to hold board meetings within the 120-day limit violates Section 173 of the Companies Act, 2013. This triggers a penalty of ₹25,000 on the responsible officer(s), and regulators frequently hold directors personally liable for these fines. Companies often resolve such defaults by applying for the compounding of the offence with the Registrar of Companies
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