Gap between two Board meetings as per new Act.

[Trilok Garg]

Dear All,

Section 173(1) of CA 2013 provides for calling minimum four Board meetings in a year in such a manner that not more than 120 days shall intervene between two Board meetings.

Under new Act, is it mandatory to call quarterly Board meetings, or if a company which hold its last Board meeting on 25.03.2014 may call its next Board meeting by 10 or 15 July, 2014.

Kindly suggest.

Thanks & Regards:

Trilok Garg
Company Secretary

[Nagaraja Rao]

No.  There should be one board meeting between april 14 and June 14    and the gap between previous meeting should not be more than 120 days.

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

--

Thanks and Regards,
J.Nagaraja Rao
Company Secretary
mob 9686177553

[periwal...@gmail.com]

Mr. Rao,

 

Please clarify how you came at understanding that there should be one meeting between april 14 and june 14.

[Aseem Mahajan]

A minimum of 4 meeting of the Board of Directors is required to be held every year with a gap between the 2 consecutive meetings not exceeding 120 days.

There is no requirement of holding the meeting every quarter; the only requirement is that not more than 120 days shall elapse between two consecutive meeting.

--
Regards,

Aseem Mahajan

[Deepesh Nayak]

Agree with Mr. Aseem, the only requirement is 4 meetings in a year with a maximum time gap of 120 days.

other views are welcome.

deepesh

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary

 *Mob. 097134-80215*
*csdeepe...@gmail.com*

--

[VANDANA PERIWAL]

Exactly Mr. Mahajan. I fully agree with your view.

 

 

But I would urge that if someone is putting any views, he/she should support his views. Its my view that, if any learned member is saying something, there must be something behind that. I still want Mr. Rao to clarify his understanding regarding this matter, so that we all may understand his expert opinion.

 

 

Thanks and Regards
CS Vandana Periwal

On Wed, Jun 25, 2014 at 4:26 PM, Aseem Mahajan <itsasee...@gmail.com> wrote:

--

--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---

You received this message because you are subscribed to a topic in the Google Groups "CSMysore" group.
To unsubscribe from this topic, visit https://groups.google.com/d/topic/csmysore/Jvg53T7hH8A/unsubscribe.
To unsubscribe from this group and all its topics, send an email to csmysore+u...@googlegroups.com.

[Venkat Ragavan]

Exactly Vandana, but my view about Mr. Rao mail "There should be one board meeting between April 14 and June 14 " because every company has to file MGT 14 with MBP 1 the MBP1 has to be put in the first BM of the company for that purpose only Mr.Rao has told. This is my presumption.  

Warm Regards,

V.Venkata Ragavan

You received this message because you are subscribed to the Google Groups "CSMysore" group.

To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.

[periwal...@gmail.com]

If it is that, then where it is written that MGT 14 for MBP 1 has t be filed by June 14?

On Monday, 23 June 2014 13:13:56 UTC+5:30, Trilok Garg wrote:

[Deepesh Nayak]

What is the meaning of "every year" used in the section 173 of NCA, 2013.

In earlier section it was clearly mentioned as "Calender Year".

Please comment.

Deepesh

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary

 *Mob. 097134-80215*
*csdeepe...@gmail.com*

[arun sharma]

Dear Sir

Is it going to make any difference whether it is Calender Year or Financial year

Regards

Arun Kumar Sharma

[Umesh Kajal]

yes of course it makes difference due to 120 days gap between two meetings. possibilities are there that only 3 meetings can b held in a year. To avoid that there is need for mentioning of year.