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First Board Meeting held for Newly formed Company

3621 views 3 replies

Sir, 

i want to know the company law section related to First Board Meeting held for Newly formed Company

Thanks

Gopinath R.R.D

Replies (3)

there is no such specific time limit for holding first board meeting of the company..........only see that the provisions of section 285 i.e holding atleast one board meeting in every quarter is met with.

There is no specific provision as regards time limit for  holding of first BM. But the first auditors of the Company has to be appointd by the BOD within one month from the date of incorpn. Further, the First BOD has to be held as early as possible since the MOA, AOA, Common seal, etc has to be noted and approved and various preliminary resolutions has to be passed so that the company can commence operations.

I am 100% sure for the ans. given by Mr. Pawan.


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