BOARD MEETINGS ON FIXED DAYS
1. Subject -
Board meetings on fixed days.
2. Passing Authority - Board of Directors.
3. Nature of the Resolution -
Resolution with simple majority.
4. Specimen Resolution:
"RESOLVED
THAT: the meeting of the Board be held on last Saturday of every month at the
registered office of the company at 11.00 a.m."
5. Guidelines:
1)
Board must meet at least once in every three calendar months (Section 285)
2)
Notice in writing should be given to the directors of the resolution or
alternatively notice should be given of every meeting (even though not
necessary in such cases)as is the usual practice.
3) A
Director cannot complain of improper notice if he takes part in the
proceedings.
4) A
meeting cannot be said to be duly convened if due notice has not been given to
all directors.
6. Filing: Not
applicable.