06 August 2009
what will be the ideal time gap or ideal date for the first boarding of the company or can we keep the first board meeting on a very first day i.e. on incorporation date...kindly suggest.
Kindly appreciate law is silent regarding the time gap for holding the first board meeting. But if you go by the language used by Section 224 (5), first board meeting must be held with in one month of the registration of the company. Alternatively you may hold the first board meeting on a very first day i.e. on incorporation date. There is no issue at all.
CAclubindia
