Director appointment consent and share qualification must be filed before registration, prospectus publication, or statement filing. Section 266 requires that, before articles registration, prospectus publication, or filing a statement in lieu of prospectus, a proposed director must file a written consent with the Registrar and satisfy any share qualification by signing the memorandum for the requisite qualification shares, taking and paying for them, filing an undertaking to take and pay for them (treated as equivalent to signing the memorandum), or filing an affidavit that such shares are registered in his name; share qualification is measured by reference to the time of appointment.
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Provisions expressly mentioned in the judgment/order text.
Director appointment consent and share qualification must be filed before registration, prospectus publication, or statement filing.
Section 266 requires that, before articles registration, prospectus publication, or filing a statement in lieu of prospectus, a proposed director must file a written consent with the Registrar and satisfy any share qualification by signing the memorandum for the requisite qualification shares, taking and paying for them, filing an undertaking to take and pay for them (treated as equivalent to signing the memorandum), or filing an affidavit that such shares are registered in his name; share qualification is measured by reference to the time of appointment.
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