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of <h1>Companies Must Hold First Board Meeting Within 30 Days of Incorporation; Strict Penalties for Non-Compliance</h1> Every company must hold its first Board of Directors meeting within 30 days of incorporation and at least four meetings annually, with no more than 120 days between meetings. Directors can participate in person or via video conferencing, except for specified matters. Meetings require a minimum of seven days' notice unless urgent, in which case an independent director's presence or subsequent ratification is necessary. Failure to provide notice incurs a penalty of 25,000 rupees. One Person, small, and dormant companies comply by holding one meeting each half-year, with a minimum 90-day interval, except if there is only one director.
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