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Appoinment of director

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(Querist)
23 October 2012 it is possible by putting a clause in MOA that first 3 director can never be removed under any circumstance??

It is also possible that first director of a company not hold single share of a company ?
Can company appoint first director who does not hold a single share ?
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Ajay Mishra

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Ajay Mishra (Expert)
23 October 2012 Hi


Yes, your all three option will be ok.

You can mentioned your first clause but no need to give second and third clause in AOA.


It will not be required to give in MOA. In Article it will be sufficient subject to the provision of section 9 of the Companies Act, 1956.
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