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Provisions related to the meeting of the board of directors

(Provisions Regarding Director’s Meeting)

Following are the provisions regarding the meeting of the Board of Directors

(1) Timing of the meetings of the Board of Directors – The time for holding meetings of the Board of Directors is often given in the Articles, but the directors have the right to call company meetings as per the requirement. They can fix the date of the next meeting in each meeting. Although the meetings of the Board of Directors can be called weekly, monthly or any other period according to the nature of the company’s business, but according to the Companies Act, the meetings of the Board of Directors must be held once in three months and at least four such meetings in every year. needed.

(2) Notice of meeting of the Board of Directors – Notice in writing of these meetings shall be given to such directors who are outside India for the time being and sent to other directors at their ordinary addresses in India. If an error is made in providing this information, the guilty person can be fined up to ₹ 1,000.

(3) The acting strength of the meeting of the Board of Directors shall be 1/3rd of the total number of directors or two, whichever is more. If the minimum number is not reached, the House is adjourned to the next week in time at the same place. If even the minimum number is not reached in the meeting, then all the directors

Those who are present will be considered as the minimum number. (4) The chairman of the meeting of the board of directors goes under the control of the chairman of the board of directors. He is the chairman of each assembly. If the Speaker is absent, someone is present. In the first meeting of the Board of Directors, according to the provision of the Articles, the chairman is elected, the director is elected as the chairman.

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