New act 2013: first steps

1. Quickly go through bare Act and Rules notified thereunder.

2. Identify preovisions which will be applicable to your company for the first time.

3. Concentrate on provisions on which immediate attention is required (e.g. related party transactions, interested directors etc.) and  matters on which approval of members may be required.

4. Prepare agenda for first Board meeting accordingly and brief management about the same.