A public Limited company wants to appoint 18 directors. What should it do?
A
Pass special resolution in Board meeting for appointment of directors
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B
Pass Special resolution in Annual General Meeting for appointment of directors
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C
Pass Ordinary resolution in Annual General meeting
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D
It can appoint sou motu.
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Solution
The correct option is B Pass Special resolution in Annual General Meeting for appointment of directors
The first directors of most of the companies are named in their articles. 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 Every director shall be appointed by the company in general meeting by special resolution as appointment and removal of directors is done through special resolution.