Phillipines sex chat on webcam online for free without registration

Rated 3.87/5 based on 550 customer reviews

The articles can also provide that the first directors shall continue to hold office until their office becomes vacant by resignation, removal, and death etc.

In the absence of any contrary provision in the articles of association of a private company regarding the appointment of first directors, the first directors who have been appointed under the articles may hold office till they are duly appointed at the general meeting held before the holding of the first annual general meeting of the company.

Based in Toronto, specializing in antiques and fine art. All manner of paintings, silver, porcelain and glass, books, furniture, militaria, jewellery, chinese and japanese antiques and more... Based in Toronto, specializing in antiques and fine art. All manner of paintings, silver, porcelain and glass, books, furniture, militaria, jewellery, chinese and japanese antiques and more...

Appointment of First Directors of the Company “First directors” mean those directors who hold office from the date of incorporation of the company.

In such a case, the subscribers must determine the names before or at the incorporation of the company and give intimation thereof to the Registrar by Form No.

For each director, a separate resolution should be passed, unless it has first been agreed by a unanimous resolution that two or more directors shall be appointed by a single resolution (section 263).

The first directors are usually named in the articles of association or are appointed by the directors.

The above statement can be inferred by reading section 254 of the Companies Act, 1956 which says that in default of and subject to any regulations in the articles of a company, subscribers to 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.

Also, the first directors need not be appointed at the general meeting held before the date of first annual general meeting of the company in case of a private company which is not a subsidiary of a public company.

Therefore, a private company is free to provide in its articles the manner of appointment of first directors.

Leave a Reply