Sample Board Meeting Minutes As Per Companies Act 2013

Companies bill 2012 became the companies act 2013 act 18 of 2013.

Sample board meeting minutes as per companies act 2013.

Notified date of section. 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. 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 proceedings of general meeting meeting of board of directors and other meeting and resolutions passed by postal ballot.

Courts have invalidated board meetings in the past when minutes are not recorded in a proper book as per companies act 2013. 1 ss of 2015. Chapter xii dealing with board meetings and its power. 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.

Extract of section 118 of companies act 2013. The copy of form no. On 30 th august 2013. The board noted that none of the directors were disqualified as per the provisions of companies act 2013.

The corporate governance is until now is governance of the board. 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 companies bill 2012 has dedicated chapter i e. After the enforcement of companies act 2013 ministry of corporate affairs mca vide letter 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. 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. The board of directors is most powerful body in a company. 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.

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. Raj kumar avasthi sh. The chairman informed the board that as per clause of the articles of association of the company sh. It is a legal record which helps to understand the action carried out during the meeting what decisions are taken for the benefit of the company what are the future plans of the company the views of directors and decisions taken at the meeting.

Minutes of meeting format. The board considered the same and passed the following resolution unanimously.