After Incorporation of Company, following steps need to be taken:
Step- 1: Call First Board Meeting
Within 30 days of Incorporation of company, Issue Notice of Meeting. (At least 7 days before the meeting), attach agenda of Meeting in Notice.
Step -2: Hold First Board Meeting
Ensure that proper quorum is present. [1/3 of total strength of Directors or 2 directors, whichever is higher]. Read out the Agenda of Meeting.
Business to be Transacted in First Board Meeting within thirty days of Incorporation.
| S.No. | Description of Activity |
| 1. | Chairman of meeting is to be elected. |
| 2. | Confirmation of first director of Company.
The persons whose name appear in AOA will be first director of company. In absence of name in AOA, subscribers of MOA will be first Director of company. |
| 3. | Authorize Director to maintain of Books and Registers.
Registers which required being maintained as per Companies Act-2013 given in my other article |
| 4.. | Authorize Director to maintain of Minute Books.
Every Company shall prepare minutes of every meeting with in 30 (Thirty) days of the conclusion of every such meeting. |
| 5. | Maintain a Registered Office.
As per Section -12(1) company shall, on and from the 15 (fifteenth) day of its incorporation and at all times thereafter, should have a registered office for all communications and notices as may be addressed to it. |
| 6. | Adopt and Affix Board outside the Registered office.
Name of Company. Registered office address of company. |
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7. |
Maintain copy of Incorporation Documents.
The company shall maintain and preserve at its registered office copies of all documents and information as originally filed on incorporation at safe custody till the dissolution of the Company. |
| 8. | Adopt the following:
A: Letter Head B: Common Seal C: Rubber Stamp |
| 9. | Appointment of First Auditor of Company.
The First auditor of company shall be appointed by the Board of Directors within 30 (thirty) days from the date of registration of the company. |
| 10. | Open Current Account of Company.
Company should open Bank account of Company before issue of shares. Because as per Section-11 director require to give declaration that company have received amount of shares from the subscribers. |
| 11. | Introduction of Share Capital and issue Share Certificate to Subscribers of Memorandum. |
| 12. | Apply for Certificate of Commencement of Business.
Before commencing any business or exercising Borrowing Powers a declaration has to be filed by a director in e-Form No.21 and duly verified by a certifying Professional, with the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him. |
