Companies Act, 2013

Section 97

Meetings of Board

⚡ Quick Answer Reference: Section 97 Companies Act

Provision: Section 97 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India
Summary: Every company must have a Board of Directors that meets at least four times a year. The Chairperson decides the meeting place and time, but must ensure the Board meets at least once every three months.

Statutory Content

What does Section 97 of Companies Act say?

Every company shall have a Board of Directors which shall meet at least four times in a calendar year. The Board may meet at such place and time as the Chairperson may determine. The Chairperson shall ensure that the Board meets at least once in every three months. The Board may also meet at such other times and places as the Chairperson may think fit.

Indian StandardSection 97, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 97 (India)

Court Pleading StandardSection 97 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

✓ VERIFIED FOR LEGAL ACCURACYReviewed & certified by Advocate Arjun Choudhury (Bar Council ID: D/8734/2015).

AI Educational GuideAI-generated explanation for educational and research purposes. Original statutory text is preserved exactly.

Section Meaning & Purpose

What does Section 97 of Companies Act mean?

Plain English Explanation

Every company must have a Board of Directors that meets at least four times a year. The Chairperson decides the meeting place and time, but must ensure the Board meets at least once every three months.

Practical Interpretation

In practice, this means the Board must hold regular meetings to discuss and make decisions about the company's operations. The Chairperson has some flexibility in scheduling meetings, but must ensure the Board meets frequently enough to stay on top of company matters.

Core Legal Purpose

The core purpose of this section is to ensure the Board of Directors is actively engaged in overseeing the company's operations and making decisions. This helps to promote good corporate governance and accountability.

Key Legal Elements

•Every company must have a Board of Directors.
•The Board must meet at least four times a year.
•The Chairperson decides the meeting place and time.
•The Board must meet at least once every three months.

Practical Example

Practical Example of Section 97 Companies Act

Rajesh is the Chairperson of XYZ Limited, a public company. He schedules the Board meetings to ensure they meet at least four times a year. In addition to these regular meetings, the Board also meets as needed to discuss specific issues, such as new business opportunities or regulatory changes. By following this section, Rajesh ensures the Board is actively engaged in overseeing the company's operations and making decisions.

Common Questions (FAQ)

Frequently Asked Questions about Section 97 Companies Act

Q: What is the punishment or consequence under Section 97 of Companies Act, 2013?

This section is a procedural provision and does not prescribe a penal punishment.

Q: Does this section apply to private individuals or public entities?

This section applies to all companies, regardless of their size or type.

Q: Is an offence under this section bailable or cognizable?

This section is a procedural provision and does not prescribe a penal punishment, so it is neither bailable nor cognizable.

Common Questions about Section 97 Companies Act

What is Section 97 of Companies Act?

Section 97 of the Companies Act, 2013 (Companies Act) defines and regulates "Meetings of Board". In plain terms: Every company must have a Board of Directors that meets at least four times a year. The Chairperson decides the meeting place and time, but must ensure the Board meets at least once every three months.

What are the elements of Section 97 of Companies Act?

The essential elements of Section 97 of Companies Act are: Every company must have a Board of Directors.; The Board must meet at least four times a year.; The Chairperson decides the meeting place and time..

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