What provisions pertaining to BM are applicable to Specified IFSC public Company ........

Companies Act-Phase (I & II) Board-powersandMeetings

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What provisions pertaining to BM are applicable to Specified IFSC public Company:

Such company shall hold First BM within 30 days of Incorporation and 1 BM in each half of calendar year

Such company shall hold First BM within 60 days of Incorporation and 1 BM in each half of calendar year

Such company shall hold First BM within 30 days of Incorporation and 1 BM in each quarter of calendar year

Such company shall hold First BM within 60 days of Incorporation and 1 BM in each quarter of calendar year

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Explanation:

In sub-section (1), after the proviso, the following proviso shall be inserted, namely:-
“Provided further that a Specified IFSC public company shall hold the first meeting of the Board of Directors within sixty days of its incorporation and thereafter hold at least one meeting of the Board of Directors in each half of a calendar year.”.