Question

The first directors of most of the companies are named in their_____If they are not so named in the articles of a company, then subscribers to the______who are individuals shall be deemed to be the first directors of the company until the directors are duly appointed.

• A. memorandum; prospectus
• B. memorandum; articles
• C. articles; memorandum
• D. articles; prospectus

Answer 1

Answer: (C)

articles; memorandum

Subject to any regulations in the Articles of a company, the subscribers to the Memorandum of Association, or the company's charter or Memorandum shall be deemed to be the Directors of the company, until such time when Directors are duly appointed in the annual general meeting ("AGM").