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CMA Final · Corporate and Economic Laws · Board Meetings and Procedures

Under the Companies Act, 2013 as reproduced in the text, a company's Board must hold its first meeting within a fixed period of the date of incorporation. What is that period?

The first Board meeting must be held within thirty days of the date of incorporation. The 120-day limit applies only to the gap between two consecutive meetings after that, so it is not the deadline for the first meeting.

  1. AWithin thirty days of incorporationCorrect
  2. BWithin sixty days of incorporation
  3. CWithin ninety days of incorporation
  4. DWithin one hundred and twenty days of incorporation

Explanation

Section 173(1) requires the first Board meeting within thirty days of the date of incorporation. The 120-day figure is the maximum gap between two consecutive meetings thereafter, not the period for the first meeting.

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