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Appoinment of director

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(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 ?
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Ajay Mishra

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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.
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