धारा 101

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 may be appointed by the company in general meeting or by the board of directors. The first directors of a company shall be appointed by the subscribers to the memorandum and such appointment shall be effective notwithstanding that the company is not registered. The directors shall hold office for such period as may be prescribed and shall be eligible for reappointment. The company shall, at least 14 days before the date of the general meeting at which the appointment of directors is to be made, send to all members a notice specifying the names, addresses and occupations of the persons to be appointed as directors and the names of the retiring directors. The notice shall also state the names of the persons who are willing to act as directors and the names of the persons who are not willing to act as directors. The company shall also send to all members a statement setting out the information required to be disclosed under sub-section (1) of section 164. The company shall also send to all members a statement setting out the information required to be disclosed under sub-section (1) of section 164.