Question

First director of company is appointed by ROC. *

True or False​

Answer 1

Explanation:

In the case of a One Person Company, an individual being a member shall be deemed to be its first director until the director(s) are duly appointed by the member in accordance with the provisions of Section 152. 1. Except as provided in the Act, every director shall be appointed by the company in general meeting.

Answer 2

Answer:

The promoters of the firm typically choose the first directors and appoint them in the Articles.

Explanation:

What is Promotion of a Company?

• The process of forming a company begins with this phase. When someone or a group of people have an idea for or envision a potential future business opportunity, they then take the initiative to organize a company to give that idea a concrete form.
• Promoters of the company are a person or group of people who go on to start a company in this manner.
• A business opportunity is not only thought up by its promoters; they also research its potential and assemble the human capital, raw materials, equipment, managerial skills, and financial resources required for the establishment and continuation of the enterprise.

To Learn more About The promoters Refer To:

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