Section 152 of CA 2013 : Section 152: Appointment Of Directors

Explanation using Example

Imagine a new tech startup, "InnovateX," is incorporated with four subscribers to the memorandum. The company's articles of association do not specify the process for appointing the first directors. According to Section 152(1) of The Companies Act, 2013, the four subscribers automatically become the first directors of InnovateX until the company holds a general meeting to appoint official directors.

After a year of operation, InnovateX decides to expand its board. They call a general meeting, as required by Section 152(2), whe...

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