PTS Ltd. is forming part of top 1000 listed entities. Being the company secretary of the company, advise on the following issues: How many times board shall meet and the gap of 14 days between the two board meetings is s

CS Executive · Securities Laws and Capital Markets · PYQS · December 2024
PTS Ltd. is forming part of top 1000 listed entities. Being the company secretary of the company, advise on the following issues: How many times board shall meet and the gap of 14 days between the two board meetings is sufficient?

Answer & Explanation:

The Board of Directors shall meet at least four times a year, with a maximum time gap of one hundred and twenty days between any two meetings. Thus, the maximum gap between two meetings can be of 120 days and therefore, gap of 14 days between the two board meetings is sufficient provided the minimum number of meetings in a year shall be complied with. [Regulation 17(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]

Topics: Listing Obligations

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