Appoinment of director
This query is : Resolved
CA Trupti Doshi
(Querist)
23 October 2012
can any one put a clause in MOA that first three director cannot be retire under any circumstances ??
And it is also possible that first director of a company not hold single share in the company ?
And it is also possible that first director of a company not hold single share in the company ?
Ajay Mishra
(Expert)
23 October 2012
Hi
Put this clause in AOA in lieu of MOA.
Yes, it is not mandatory under the companies Act, that first director hold shares of the company. You can appoint director as first director without holding any share of the company.
Put this clause in AOA in lieu of MOA.
Yes, it is not mandatory under the companies Act, that first director hold shares of the company. You can appoint director as first director without holding any share of the company.
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