The Expression ‘every three months’occuring in section 285 naturally means three months taken together. Provisions of section 285 will be fulfilled if the Board of directors meet on the first of January, or the 31st March or any date in between. Next three months should naturally comprise April to June. It is open to the Board of directors to meet on any date during three months from April to June. Similarly, the Board may, at least, meet on a particular date during July to September and so on. In section 285 there is no scope for making backward calculation.