appointment of directors companies act


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  • How directors of a company are appointed?

    Most commonly, directors are appointed by the shareholders at the Annual General Meeting (AGM), or in extreme circumstances, at an Extraordinary General Meeting (EGM).
    A resolution for the appointment is put to a vote, and passed if a majority of shares are voted in favour.

  • What are the provisions of companies Act regarding appointment of directors?

    Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company.
    A company can appoint maximum 15 fifteen directors.

  • (.
    1) Where no provision is made in the articles of a company for the appointment of the first director, the subscribers to the memorandum who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed and in case of a One Person Company an individual being member

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