Section 157: First directors and their term
The Companies Act, 2017 · Federal Acts · in_force
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157. First directors and their term.—(1) The number of directors and the names of the first directors shall be determined by the subscribers of the memorandum and their particulars specified under section 197 shall be submitted along with the documents for the incorporation of the company. (2) The number of first directors may be increased by appointing additional directors by the members in a general meeting. The first directors shall hold office until the election of directors in the first annual general meeting of the company.
Effective date: 2017-05-30
Related sections
Section 156: Compliance with the Code of Corporate GovernanceSection 158: Retirement of first and subsequent directorsSection 155: Number of directorshipsSection 159: Procedure for election of directorsSection 154: Minimum number of directors of a companySection 160: Powers of the Court to declare election of directors invalid
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