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In addition to the first meeting to be held within thirty days of the date of incorporation, there shall be minimum of four Board meetings every year and not more one hundred and twenty days shall intervene between two consecutive Board meetings.
The board of directors meeting definition is a formal meeting of an organization's board members. This meeting is usually held at regular intervals to discuss major problems and policy issues within the organization. All individuals that make up an organization's board of directors are usually in attendance.
The Board shall meet at least once in every calendar quarter, with a maximum interval of one hundred and twenty days between any two consecutive Meetings of the Board, such that at least four Meetings are held in each Calendar Year.
All companies are required to hold a board meeting atleast once every three months and there must be four board meetings each year.
While most corporate bylaws, and state laws, require that an organization's directors meet at least annually, this leaves a lot of discretion for nonprofits seeking guidance on how often their boards should meet.
It depends on your articles of association. Often (including for start-ups and SMEs with the default model articles of association) the articles say that any director can call a board meeting at any time, or instruct any company secretary to call one.
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.
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.
Secretaries must convene a meeting of the board of directors if any director asks for one. Normally, they must give at least 14 days' notice to the other directors, and are then responsible for ensuring that accurate minutes of the meeting are taken and signed.
Board meetings are meetings at the highest level, i.e. a meeting where board members or their representatives are present. A company is not an actual entity but a legal one so it cannot take actions and make decisions.