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Company Law - Appointment of Director 1. Appointment of First Director – The first directors of most of the companies are named in their articles. Regulation 60 of Table F provides that the number of directors and the names of the first directors shall be determined in writing by the subscribers of the memorandum or a majority of them. If they are not so named in the articles of a company, then subscribers to the memorandum who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed. In the case of a One Person Company, an individual being a member shall be deemed to be its first director until the director(s) are duly appointed by the member in accordance with the provisions of Section 152.   The provision of Section 152 applies to all companies, whether public or private.   2. Appointment of Directors by Members at General Meeting – According to Section 152, every director shall be appointed by the company in a general...

Companies Act 2013 - Company Law CS Executive Companies Act, 2013 – a summary The Companies Act 2013 consists of 470 Sections dividends in 29 Chapters and seven Schedules. The Bill for the new companies act was considered and approved by the Lok Sabha on December 18, 2012, because the Companies Bill, 2012 and therefore the same was considered and approved by the Rajya Sabha on August 08, 2013. It received the president's assent on August 29, 2013, and has become the businesses Act, 2013. Section 1 of the Act became effective on an equivalent date. The Act is envisaged with the provisions of coming into force during a phased manner. Following that different provisions were notified and came into the existence of various dates. after Section 1, 98 Sections notified on September 12, 2013, then Section 135 concerning CSR alone came into existence on February 27, 2014. Further, in the same manner, the opposite sections also came into force. Several new concepts pitchin...