Q.Distinguish between an Annual General Meeting (AGM) and a Board Meeting.

A Board Meeting is a formal meeting of a company's Directors, governed by Section 173 of the Companies Act, 2013. Every company must hold at least four Board Meetings a year with no more than 120 days between two consecutive meetings (relaxed to two meetings a year, at least 90 days apart, for a One Person Company, small company, or dormant company); the first Board Meeting after incorporation must be held within 30 days. Notice of not less than seven days in writing must be given to every director (by hand, post, or electronic means), though a shorter-notice meeting is allowed for urgent business if at least one independent director is present, or the decisions are ratified afterward by an independent director. Section 174 fixes the quorum at one-third of the Board's total strength or two directors, whichever is higher, with a special rule excluding interested directors from the quorum count when they form two-thirds or more of the total strength.