First Directors of Pvt. Ltd. Company

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CS Ashish Jain (Querist)

27 October 2010 In case of a newly incorporated Pvt. Ltd. company three directors (subscriber to the memorandum) were appointed as first directors of the company.

My question is that, whether such directors are required to be reappointed in the first AGM of the company or they will continue to hold the office untill they vacate the office due to the resignation or some other reasons. As the section 255 is not applicable on private company.

Aditya Maheshwari

Aditya Maheshwari (Expert)

27 October 2010 Not required to be reappointed in case of pvt. ltd. company.

Ajay Mishra

Ajay Mishra (Expert)

27 October 2010 Hi

Agreed with Mr. Aditya.

The provision of section 255 is also applicable to private company.

Sooraj Nandan

Sooraj Nandan (Expert)

28 October 2010 In case if there is no regulation in the Articles of Association of the Company for the appointment of First directors, then they should be appointed in the EGM/First AGM as the directors of the Company.I think it is not a re-appoint only appointment...

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