The first general body meeting (GBM) of the Indian Planetary Science Association (IPSA) was held on 23-3-2023 during the fourth Indian Planetary Science Conference (IPSC-2023) at the Physical Research Laboratory, Ahmedabad. IPSA was formally inaugurated on 22-3-2023 by Shri. S. Somnath, Secretary, DoS & Chairman, ISRO and Shri. A. S. Kiran Kumar, Chairman, PRL, Council. The GBM included a brief description of the objectives of IPSA, its current and planned activities, introduction of the executive council and new members. Prof. Anil Bhardwaj, President, greeted all the members present at the first GBM and delivered his welcome address providing introduction of IPSA. Prof. Varun Sheel, Secretary provided a complete overview of IPSA that includes its registration and acts, Aims and Objectives, Bye-laws. He introduced the members of the first executive council of IPSA. He also introduced the newly joined members. Later, the current and planned activities for future were discussed. Four different committees were also formed during the GBM to enhance the visibility of IPSA, to induct new members PAN India and to plan and execute future meetings of IPSA. The president thanked all the members for very active participation, fruitful delibrations, and useful suggestions.