Delay in holding first board meeting-pvt ltd.

Dear Shivangi,

You can show that the board resolution passed for opening bank account as circular resolution.

Thanks,

Regards,

JJ

Hi,

There is nothing in law which compels a private company to hold its first BM within a time frame. However there are certain conditions in law which requires a company to hold its first BM within time. Like section 224(5) which requires first auditor of the company should be appointed in the board meeting with in a period of 1 months of incorporation.

Since it’s a private company hold a board meeting on paper from back date and put few necessary agendas to be transacted in first BM and send minutes of this BM to your client.

Regards

RG

thank u jeets and richank