6 Provisions of the Companies Act Regarding to the Conduct of Board’s Meetings
Most of the powers of the directors are exercised in the meetings of the board of directors. The meetings are where the Board discusses the affairs of the company and also exercises its authority.Conduct of meetings in a proper manner is important for the proper functioning of the company. Following are the provisions of the Companies Act regarding conduct of board’s meetings: (1) Frequency of Board Meeting: In the case of every company, a meeting of its Board of directors must be held at least once in every 3 months and at least 4 such meetings shall be held every year (Sec. 285). Image Source: clubs.lasalle.edu (2) Notice of Board Meeting: ADVERTISEMENTS: Notice of every meeting of the Board of directors of a company shall be given in writing to…