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    5. Within how many days from incorporation should a company have its first Board meeting?

    Question

    Within how many days from incorporation should a company

    have its first Board meeting?
    A 12 Correct Answer Incorrect Answer
    B 15 Correct Answer Incorrect Answer
    C 20 Correct Answer Incorrect Answer
    D 10 Correct Answer Incorrect Answer

    Solution

    Explanation:Under Section 149(1), a company can have up to 15 directors. If it wants to appoint more than 15, it must pass a special resolution at a general meeting.

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