The first directors of the company are to be appointed by:
The subscribers to the Memorandum of Association provide for the initial directors through the company's incorporation arrangements. Under section 152(1) of the Companies…
Choose your answer
The first directors of the company are to be appointed by:
Answer and explanation
Correct answer A
The subscribers to the Memorandum of Association provide for the initial directors through the company's incorporation arrangements. Under section 152(1) of the Companies Act, 2013, individual subscribers are deemed to be the first directors where the articles make no provision for their appointment.
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