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NRS 78.347 Application by stockholder for order of court appointing custodian or receiver; requirements of custodian; authority of custodian; adoption of regulations by Secretary of State.
A board of directors is a group of people elected to represent stockholders and to assume responsibility for the overall direction and management of the organization. The law varies from state to state as to how often a board of directors meeting should be held; however, most are held at least once a year.
At least 4 times in a year. Maximum gap between 2 meetings should not be more than 120 days. Every director is required to attend at least 1 meeting in a year.
The Directors shall attend Board Meetings in person. If unable to attend, a Director may appoint another Director to attend on his behalf by proxy which specifies the scope of authorization; any appointee shall not act as proxy for more than one Director.
A board of directors is a group of people elected to represent stockholders and to assume responsibility for the overall direction and management of the organization. The law varies from state to state as to how often a board of directors meeting should be held; however, most are held at least once a year.
Unlike general meetings where member attendance is optional, directors have a duty to be present for board and committee meetings as a part of their duties and responsibilities and to participate in decision making.
25.1 The requirement of the Companies Act, 1956, to hold a meeting every three months and at-least 4 meetings in a year should continue. The gap between two Board Meetings should not exceed four months.
As per companies Act section 173(1) Every company shall hold the first meeting of the Board of Directors within thirty days from the date of company incorporation and thereafter hold board meetings in such a manner that not more than 120 shall intervene between two consecutive meetings and should be a minimum number
Section 73(1) allows for a director authorised by the board of a company to call a meeting, and obliges them to call a meeting in the circumstances contemplated in (1)(b).
Earlier in section 285 of the Companies Act, 1956 there was requirement for holding at four board meeting in every year with at least one meeting in every three months but section 173(1) contains provision for at least four meeting every year in addition to first board meeting and gap of two consecutive meeting shall