Article · 12 min read

First Board Meeting of a Company

IndiaFilings Free Beginner India

The Silicon Valley playbooks skip the part that will fine you: Section 173 of the Companies Act requires your first board meeting within 30 days of incorporation, with 7 days notice and agenda, and a Rs 25,000 per officer penalty for getting the notice wrong. This lays out the statutory agenda, quorum, minutes timeline, and the ongoing cadence (minimum four meetings a year, no gap over 120 days) that an Indian founder must run alongside the working meeting.

  • Hold your first board meeting within 30 days of incorporation, with notice and agenda to every director at least 7 days ahead
  • Quorum is one third of the board or two directors, whichever is higher, and minutes must be recorded within 30 days of the meeting
  • After the first meeting, run at least four board meetings a year with no more than 120 days between them, so build the working rhythm on top of the legal one
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The question it answers

  1. What do I actually do at a board meeting, and how do I run one so it helps me instead of wasting a day?

Read with it

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