Explanation:

1. First Board Meeting (BM) should be held within 30 days of the date of Incorporation of Company

2. There shall be minimum of 4 Board Meeting every year and not more than 120 days shall intervene between two consecutive Board Meeting.

3. In case of One Person Company, Small Company, Dormant Company, Start up Private Company, Section 8 Company:

• At least One BM should be conducted in each of the half of the calendar year
• The gap between the two BM should not be less than 90 days.