Q.First meeting of Directors should be convened within ________ days from the date of incorporation of the company.

A Board Meeting is a formal gathering of the directors at which Board-level decisions and resolutions are validly transacted. Under Section 173, the first Board Meeting of a company must be held within 30 days of incorporation, and thereafter a minimum of 4 Board Meetings must be held every year, with the gap between any two consecutive meetings never exceeding 120 days. For any Board Meeting's business to be valid, a quorum must be present — under Section 174, this is one-third of the total stre …