New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    As laid down under the Companies Act every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a ____________ meetings of its Board of Directors every year

    A Two Correct Answer Incorrect Answer
    B Four Correct Answer Incorrect Answer
    C Minimum number of four Correct Answer Incorrect Answer
    D Maximum number of four Correct Answer Incorrect Answer
    E Such number of meetings as the Board may decide Correct Answer Incorrect Answer

    Solution

    Section 173. Meetings of Board: (1) Every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.

    Practice Next