Can board meeting be held outside India Companies Act 2013?
In case the Articles provide for a specific time at or during which the Meetings should be held, the Meetings should be held only at or during that time. A Meeting may be held at the Registered Office of the company or at any other place, including a remote place. A Meeting may be held in India or abroad.
What is a board meeting of a company?
A board meeting is a meeting of a company’s board of directors, held usually at certain times of the year to discuss company-wide policies or issues. The board of directors determines the overall business strategy of the company, and the directors are either elected by shareholders or by members of the organization.
Can we conduct board meeting outside India?
The Board Meeting can be held at any place in India or even outside India. As per the Act, it is important to have place statutory registers and records during the Board Meeting.
How do you convene a board meeting?
What are the steps to conduct a board meeting?
- Call the meeting to order. The presiding officer kicks off the meeting at the designated start time.
- Call roll.
- Approve the agenda and previous meeting’s minutes.
- Officer and committee reports.
- Old Business.
- New Business.
- Adjourn the meeting.
Can company hold meeting at a place other than its registered office?
The meeting can be held at any place which is within the limits of the city or town or village in which the registered office is situated. A government company can also hold its AGM at any other place as the Central Government may approve.
Can a company hold meeting at a place other than its registered address case law?
One is that as per Sub-section (2) of Section 166. of the Companies Act annual general meeting of the share-holders can be held only at the registered office of the Company or at some other place within the city, town or village in which the registered office of the company is situate.
What is a board meeting under Companies Act, 2013?
Holding first Meeting of Board of Directors of a Company. Section 173(1) of the Companies Act, 2013 prescribes that every company shall hold the first meeting of the Board of Directors within 30 days of the date of its incorporation.
How many board meetings required per year as per Companies Act, 2013?
4 meetings
A minimum number of 4 meetings of its Board of Directors shall be held every year in such a manner that not more than 120 days shall intervene between two consecutive meetings of the Board.
Can a board meeting take place on national holiday?
Board meetings are normally held during business hours and on a day, which is not a public holiday. However, a Board meeting may validly be held on public holiday.
Can a company hold meeting at a place other than its registered address?
Conclusion. Yes, an AGM can be held at any place other than the Registered Office of the Company.
What is board meeting under Companies Act, 2013?
Can Extra-Ordinary General Meeting be held at anywhere?
There is no restriction regarding the place of an Extra-Ordinary General Meeting as per Companies Act, 2013 and as per Secretarial Standard 2 (SS-2) issued by the ICSI.
At which place should the AGM be held *?
(iv) Date, time and place of Annual General Meeting : Annual General Meeting must be called during working hours between 9 am to 6 pm on any day except national holiday. It must be held either at the registered office of the Company or at any other place within the city in which registered office in located.
Can Board Meeting and AGM be held on the same day?
It can even be done on the same day when the general meeting is to be held. However, the Articles of Association of a company may specify a time limit for such shorter notice.
What is the minimum gap between two board meetings?
Extension of Time Gap Between Board Meetings Section 173 of the Act provides that the gap between two board meetings of a company must not exceed 120 days, and it should conduct a minimum of four board meetings in a year. The MCA extended the period of interval between two board meetings by an additional 60 days.
What is board meeting as per Companies Act, 2013?
Section 173(1) of the Companies Act, 2013 prescribes that every company shall hold the first meeting of the Board of Directors within 30 days of the date of its incorporation. Directors can participate in Board Meeting either in Person or through Video Conferencing or other audio visual means.
Can Board of Directors meeting be held on Sunday?
A General Meeting can be held on any day, including a public holiday or on a Sunday, unless such day is a National Holiday. Sub-section (2) of Section 96 of the Act requires the Annual General Meetings to be held during business hours on a day that is not a National Holiday.
Can Board Meeting be held on Gandhi Jayanti?
A Meeting may be convened at any time and place, on any day, excluding a National Holiday. A Meeting adjourned for want of Quorum shall also not be held on a National Holiday.
Can a company hold meeting at a place other than its registered address support your argument with relevant legal provisions and case laws?
Chapter (vii) of Section 96(2): Chapter vii of Section 96(2) of the Companies Act, 2013 states that Government companies can hold Annual General Meetings outside the city or village where the registered office is situated with the permission of the Central Government.