First Director

Mr X is the promoter and is one of the subscribers to the Memorandum...

What is his position in the hierarchy of the company JUST AFTER it is incorporated?

Replies (4)

Hello,

 

Position of Mr. A depends on the treatment he received from the company after incorporation. I mean if he got himself a position in the board as a director (mostly happened) then he must be treated as a director and can take active part in the management.

Company law does not give him any position as a promoter regarding management. However he may control the things from behind. But no specific and open position as a promoter.

Wait for other opinion.

yes i agree Sir,...he would be the first director and therefore a deemed director.

as per the co. law section 254 first director department hasadviced that at least one of the promoters of the company must be the first director. (Department circular no. 1/95 14/06/94-cl-v- dated 16-2-1995),

so i think if the company thought him to be good for the position of first director then co. can select him as first director.

Precisely...

cheers

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details