Section 173(1) of the Companies Act, 2013 prescribes that every company shall hold the first meeting of the Board of Directors within 30 days of the date of its incorporation.
Key Considerations:
1) Conduct first Board meeting within 30 days of Incorporation of Company
2) Directors can participate in Board Meeting either in Person or through Video Conferencing or other audio visual means.
3) Participation of the director by video conferencing or by other audio visual means shall be counted in quorum.
4) Notice of Board meeting can be given by electronic means.
5) Notice, agenda and notes on agenda must be given at least 7 days before the Meeting or less than 7 days i.e. shorter period notice and agenda.
The following procedure is to be followed for Holding first board meeting of the company under Companies Act 2013
