Section 173 Board Meeting

This discussion clarifies the board meeting requirements under Section 173 for companies incorporated on 30 November 2019, specifically for the calendar year 2019. While the first meeting must be held within 30 days of incorporation, the debate centres on exemptions for private companies. It's clarified that general exemptions for private companies are limited, with specific relief available for newly incorporated startup companies, potentially reducing the number of required meetings within that initial calendar year.