Section 173 compliance for every entity. Every quarter.

Section 173 requires a minimum of 4 board meetings per financial year, with no gap between two consecutive meetings exceeding 120 days. The first meeting must be held within 30 days of incorporation. One-person companies (OPCs) and small companies are exempt — they only need 1 meeting per half-year, with a minimum 90-day gap. Finndesk applies the correct requirement based on entity type.

Section 118 of the Companies Act requires that minutes of every board meeting be entered in the Minutes Book within 30 days of the meeting. The minutes must be signed by the Chairman of the meeting or the Chairman of the next meeting. Late or unsigned minutes are an offence under Section 118(12).

MGT-14 must be filed within 30 days of passing: (1) any special resolution, (2) resolutions in relation to agreements referred to in Section 117(3), and (3) board resolutions specifically listed under Section 117(3)(g) — including decisions related to issue of securities, borrowing beyond paid-up capital, investment of funds, and major business decisions. Finndesk prompts for MGT-14 when these resolution types are logged.

Yes. Rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014 permits participation via video conference or other audio-visual means for most agenda items. However, certain items cannot be transacted via VC — including approval of annual financial statements, Board's report, prospectus, and matters relating to mergers. Finndesk lets you mark attendance as Physical or VC and flags agenda items that require physical presence.

Under Section 173(4), if a company fails to convene the required number of board meetings, every director who was a party to the default is liable for a fine of ₹25,000. There is no compounding option under Section 441 for this offence, meaning it must be resolved through prosecution.