A company must hold its first board meeting within 30 days of incorporation. After that, it must hold at least four board meetings a year, with a gap of not more than 120 days between two meetings. Small companies, One Person Companies and dormant companies need only one meeting in each half of the calendar year, at least 90 days apart.
The first AGM must be held within nine months from the end of the first financial year. Later AGMs must be held within six months from the end of the financial year, and not more than 15 months after the previous AGM. One Person Companies do not need to hold an AGM.
Key points
- Board meetings: at least four a year for most companies
- AGM by 30 September for a March year end
- Minutes must be signed and kept for every meeting
- Secretarial Standards SS-1 and SS-2 apply to most companies
- File resolutions in MGT-14 where the law requires
General information only, not professional advice. Section references are to the Income-tax Act, 1961; corresponding provisions of the Income-tax Act, 2025 apply from 1 April 2026. Thresholds and dates may change by notification.
