Question

    If the Articles of the company does not provide for the

    appointment of the first director __________ shall be deemed to be the first directors of the company?
    A Promoters. Correct Answer Incorrect Answer
    B Shareholders Correct Answer Incorrect Answer
    C Subscribers to Memorandum Correct Answer Incorrect Answer
    D Board of Directors. Correct Answer Incorrect Answer
    E Founders Correct Answer Incorrect Answer

    Solution

    Section 152. Appointment of 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  shall be deemed to be its first director until the director or directors are duly appointed by the member in accordance with the provisions of this section. Snapshot - Topic covered in Live class of SEBI Legal Course ixamBee  

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