Sample Board Meeting Minutes As Per Companies Act 2013

Resolved that confirmations in form dir 8 under section 164 2 of the company act 2013 as submitted by name of first directors directors of the company be.

Sample board meeting minutes as per companies act 2013.

The mandatory requirement of holding meetings of the board of the companies within the intervals provided in section 173 of the companies act 2013 ca13 120 days stands extended by a period of 60 days till next two quarters i e till 30th september. Courts have invalidated board meetings in the past when minutes are not recorded in a proper book as per companies act 2013. The board of directors is most powerful body in a company. The companies bill 2012 has dedicated chapter i e.

Chapter xii dealing with board meetings and its power. 1 ss of 2015. All companies registered in india are required to maintain minutes as per the companies act 2013. Notified date of section.

Dir 12 filed with the registrar of companies was also placed before the board for. Hence a minutes book should be distinctly kept and maintained for different meetings such as meetings of the board and meetings of various committees of the board. Extract of section 118 of companies act 2013. Minutes of the meeting.

1 3 2014 cl i dated april 10 th 2015 has accorded its approval under section 118 10 of companies act 2013 as per ss 1 minutes means a formal written record in physical or electronic form of the proceeding of a meeting. The corporate governance is until now is governance of the board. The board noted that none of the directors were disqualified as per the provisions of companies act 2013. Minutes of proceedings of general meeting meeting of board of directors and other meeting and resolutions passed by postal ballot.

Companies bill 2012 became the companies act 2013 act 18 of 2013. Secretarial standards on meetings of the board of directors ss 1 and general meetings ss 2 were approved by the central government under section 118 10 of the companies act 2013 on 10th april 2015 and were published in the gazette of india extraordinary part iii section 4 on 23 rd april 2015 vide icsi notification no. The board considered the same and passed the following resolution unanimously. An attempt as been made to provide the minutes of the board meetings as per the ss 1 on board meetings which is illustrates below.

After the enforcement of companies act 2013 ministry of corporate affairs mca vide letter no. The copy of form no. Thus minutes has got its importance in the provisions of companies act 2013 and secretarial standards issued by icsi as a statutory requirement for the corporates. The chairman informed the board that as per clause of the articles of association of the company sh.

Munish avasthi are being named as first directors of the company constitute the board of directors in terms of the provisions of the companies act 2013. Minutes of meeting format.