First Board Meeting

The first board meeting is necessary to pass certain minimum resolutions. It must occur within the first 30 days of incorporation.

Here's the list:

1. Certificate of Incorporation must be presented to the board.
2. Filing the consent of directors to act as Directors.
3. Appointment of the Chairman of the Board.
4. Appointment of the Secretary.
5. Appointment of Auditors.
6. Adoption of the Common Seal.
7. Situation of Registered Office.
8. Authorize opening the Bank account.
9. Allotment of shares to the Subscribers of Memorandum.
10. Approval of statement of preliminary expenses by promoters in connection with the incorporation of the company.
11. Authorize purchase of Books and Registers.

The minutes of the meeting must be captured and filed in the folder.