Multiple Choice Questions on A OPC with 2 or more Directors shall be required to hold a First Board Meeting u s 173 1 ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A OPC with 2 or more Directors shall be required to hold a First Board Meeting u s 173 1 ........

Companies Act-Phase (I & II) Board-powersandMeetings
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    A OPC with 2 or more Directors shall be required to hold a First Board Meeting u/s 173(1) :

    Within 30 days of Incorporation

    Incorrect Answer

    Within 60 days of Incorporation

    Incorrect Answer

    No First BM required u/s 173(1) if atleast 1 BM held every half calendar year at interval not less than 90 days between consecutive BM’s

    Correct Answer

    No First BM required u/s 173(1) if atleast 1 BM held every quarter of the calendar year at interval not less than 60 days between consecutive BM’s

    Incorrect Answer
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    Explanation:

    OPC shall be in compliance of provisions of Sec 173 ( which specifies the First BM requirements) if it holds 1 BM in each half of calendar year at least 90 days apart

    By: Srishti Gupta
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