Companies Act, 2013

Section 71

Appointment of directors

⚡ Quick Answer Reference: Section 71 Companies Act

Provision: Section 71 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 71 of Companies Act say?

A company having a share capital shall have at least three directors. The company may, by its articles, increase or reduce the number of directors. The directors shall be appointed by the company in general meeting. The first directors of a company shall be appointed by its subscribers to the memorandum and such appointment shall be effective notwithstanding that the company has not been registered. The directors shall hold office for such period as may be prescribed and shall be eligible for reappointment. The company shall, within a period of thirty days from the date of its incorporation, file with the Registrar a return of the first directors of the company.

Indian StandardSection 71, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 71 (India)

Court Pleading StandardSection 71 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 71 Companies Act

What is Section 71 of Companies Act?

Section 71 of the Companies Act, 2013 (Companies Act) defines and regulates "Appointment of directors". The section states: A company having a share capital shall have at least three directors. The company may, by its articles, increase or reduce the number of directors. The directors shall be appointed...

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