Companies act 2013' provision
This query is : Resolved
25 November 2015
Provision in companies act 1956 Sec 254 - Subscribers of memorandum deemed to be directors.
In default of and subject to any regulations in the articles of a company, subscribers of the memorandum who are individuals, shall be deemed to be the directors of the company, until the directors are duly appointed in accordance with section 255.
Is it same in 2013 and under which Section??
In default of and subject to any regulations in the articles of a company, subscribers of the memorandum who are individuals, shall be deemed to be the directors of the company, until the directors are duly appointed in accordance with section 255.
Is it same in 2013 and under which Section??
25 November 2015
Same. Section is 152(1) of the Companies Act,2013.
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