4 Replies
Vinayak Mishra
(192 Points)
Replied 17 March 2018
Jatin Bajaj
(CS)
(2930 Points)
Replied 17 March 2018
As per the provisions of Section 152(1) of the Companies Act 2013, if article does not prescribe the duration of the First Director, subscribers of the Company shall deemed to be the First Director of the Company. But as per provision of section 152(2) every Director shall be appointed in general meeting.
As per the interpretation of law every First Directors shall be regularized in the First AGM pursuant to incorporation because as Section 152(2) use the language save as expressely provided. means the provisions of section 152(2) shall prevail over all other sections.
Padmanabhan
(Student)
(1321 Points)
Replied 18 March 2018
the tenure is up to conclusion of first AGM of public company.
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