Top AIADMK leaders O Panneerselvam and K Palaniswami convened the meeting in which 103 MLAs attended, party sources said.
Seven other MLAs, including three ministers, had "excused" citing personal and official reasons, they said.
This will be the first time that the assembly is meeting since the disqualification of 18 pro-Dhinakaran legislators in September last year.
Fresh from the bypoll win, Dhinakaran has said "5-6" senior ministers, including Palaniswami, should step aside for the continuance of the AIADMK government.
Senior party leader and Fisheries minister D Jayakumar said the ministers could not attend due to official engagements, while the others could not make it due to reasons such as pilgrimage and illness.
They had given letters in this regard, he added.
"They were advised (by the top two leaders) to maintain decorum even if there was any kind of provocation," they added.
While chief minister Palaniswami is the AIADMK co-coordinator, his deputy Panneerselvam is the coordinator.
The meeting also discussed the prospects of the ruling party launching its own TV channel and daily, especially in the absence of a dedicated mouthpiece following differences with the family of deposed leader, VK Sasikala.
AIADMK organs-- Jaya TV and Tamil vernacular Dr Namadhu MGR, controlled by Sasikala's family, were earlier party mouthpieces but have been openly critical of the Palaniswami camp after it sidelined Dhinakaran, her nephew.
Speaker P Dhanapal had disqualified the 18 MLAs for revolting against Palaniswami in August last year.
These MLAs had met the then governor Ch Vidyasagar Rao and said they had lost confidence in the chief minister, a day after the formal merger of the two factions led by Palaniswami and then rebel leader and Panneerselvam on August 21.
The High Court, while not granting any stay on the disqualification, has restrained the Election Commission from conducting bypolls to the 18 constituencies and the assembly from holding a trust vote.
According to a release from Panneerselvam and Palaniswami, the others in the panel include former MP KC Palanisamy and former MLA JCD Prabhakar.
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