A company which has ₹13 crore of paid-up share capital is intending to have a board meeting on 12th December, 2022. Its managing director wants to know the provisions of the Companies Act, 2013 relating to notice of the
CS Executive · Company Law · PYQS · December 2022
A company which has ₹13 crore of paid-up share capital is intending to have a board meeting on 12th December, 2022. Its managing director wants to know the provisions of the Companies Act, 2013 relating to notice of the meeting to directors on the following points: (ii) If the company has a predetermined date of 12th of every alternate month for its board meeting, unless otherwise changed, should the notice be sent to the directors every time?
Answer & Explanation:
As per para 1.3.5 of SS-1, the Notice of a Meeting shall be given even if Meetings are held on pre-determined dates or at pre- determined intervals. If notice of meeting is not given to one of its directors, meeting of board of directors is invalid and resolution passed at such meeting are inoperative.
Topics: Meetings of Board and its Powers
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