Which of the following proceedings is NOT typically initialized by the incorporators in a BCA company?

The proceedings that are typically initiated by the incorporators of a BCA company generally involve the foundational aspects of establishing the company's governance structure and initial operational directives. This includes setting the number of directors, appointing the first auditors, and confirming or replacing the first directors. These actions are crucial as they establish clear leadership and accountability from the very beginning of the company's existence.

The decision to waive the budget for the next fiscal year is not a standard procedural action initiated by incorporators. Budgets are normally approved by the board of directors after the company is incorporated and operational. This financial management aspect typically takes place later, reflecting the ongoing responsibilities of the elected board rather than the initial tasks of the incorporators.

Thus, waiving the budget for the upcoming fiscal year is not a proceeding initiated by incorporators and is therefore the correct choice.