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Minimum Number of Board Meetings per Year

Meetings of Board of Directors of Companies - Minimum Numbers in a Year
  • Every company shall hold minimum 4(four) board meetings each year.
  • Here "year" means calendar year (from January to December) and not financial year of the company.
  • Gap between Two consecutive board meetings: not more than 120 days.
  • Companies act 2013: This provision is prescribed under section 173(1).
Exception
  • One-Person Company, small company and dormant company are not required to hold minimum 4(four) board meetings each year. Instead they are required to hold 1(one) board meeting in each half of a calendar year.
  • Gap between Two consecutive board meetings: not less than 90 days.
  • Companies act 2013: This provision is prescribed under section 173(5).

Requirements under Listing Agreement for Equity

The board meetings shall be hold minimum 4(four) times a year with a maximum gap of 4(four) months between any 2(two) meetings.

Secretarial Standard by ICSI

"SS 1 : Secretarial Standard on Meetings of the Board of Directors" prescribes that the board of a company should meet at least once in every 3(three) months, with a max. interval of 120 days between any 2(two) meetings such that at least 4(four) meetings are held in each year. Committee of board should meet at least as often as prescribed by the board or as prescribed by any other authority.

Extra Notes:
  1. Earlier similar provisions were prescribed under section 285 of the companies act 1956.
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