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Section 173 Board Meeting

Umang Agarwal (5 Points)

25 October 2020

Company is incorporated on 30 November 2019. How many Board Meeting are required to be conducted for the calander year 1 January 2019 to 31 December 2019?

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5 Replies

Rajkumar Patel (602 Points)
Replied 26 October 2020

First board meeting should be within 30 days and arrange further one more meeting in hals of calender year because there is an exemption for private company

Umang Agarwal (5 Points)
Replied 26 October 2020

Not agree with you sir
because there is no exemption for Pvt Ltd company in Section 173.
Also, exemption is given to small, dormant and kne person co.

Rajkumar Patel (602 Points)
Replied 26 October 2020

Sorry but might you know that Exemption has been grated to Private Company but it is available only if you company is start up Company.

Umang Agarwal (5 Points)
Replied 26 October 2020

Yes sir exemption is for private newly start up company

S S RAO (Partner SSRTS & Associates CAs) (22 Points)
Replied 21 April 2021

Only one Meeting, i.e. 1st Board meeting to be conducted within the calendar year.

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