The companies act, 1956 provides the shareholders a forum of self-protection and then leaves them to a large extent to take care of themselves. It is also essential to hold meetings of the board at regular intervals and to discuss in these meetings, all major questions of policy. Notice must be send to all the members entitled to attend and vote at the meeting at least 21 days prior to the date of meeting.
The companies act, 1956 provides the shareholders a forum of self-protection and then leaves them to a large extent to take care of themselves. It is also essential to hold meetings of the b…