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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Appointing first directors and rotational directors: default rules, DIN and consent filing, retirement and deemed reappointment safeguards</h1> Where the articles do not provide for appointment of first directors, individual subscribers to the memorandum are deemed to be first directors until duly appointed, and in a One Person Company the sole member is deemed to be the first director until appointment. Subject to express exceptions in the Act, directors must be appointed by the company in general meeting, and no person may be appointed unless allotted a Director Identification Number or other prescribed number; any proposed appointee must furnish such number and declare non-disqualification. An appointed director cannot act unless consent to hold office is given and filed with the Registrar within 30 days, with additional board-opinion disclosure in the notice for appointment of an independent director. In public companies, at least two-thirds of directors (excluding independent directors) must be rotational, with periodic retirement, adjournment and deemed reappointment rules applying where vacancies are not filled.
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