Q: Discuss Section 152(1) of companies act, 2013 ?
Ans: Section 152(1) of companies act, 2013 lays down the appointment of first director of the Companies.
Section 152(1) of the Act provides for the appointment of the first directors of the companies. The first directors hold their offices from the date of formation of the companies.
As per Section 152(1), the Articles of Association of Companies have provisions through which the companies appoint the first directors.
Private Limited or Public Limited :
When no provision is made in the articles of a company for the appointment of first director, the subscribers to the memorandum who are individuals shall be deemed to be the first director of the company until the directors are duly appointed.
One Person Company:
An individual being member shall be deemed to be its first director until the director or directors are duly appointed by the member in accordance with the provisions of this section.
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