Section 202
Named directors and subsequent directors
ActIn forceProvision 202 of 621
Section 202
(1)
A person named as a director in an application for incorporation of a company shall hold office as a director from the date of incorporation until that person ceases to hold office as a director in accordance with this Act.
(2)
All subsequent directors of a company may be appointed by ordinary resolution.
Companies 229
(3)
Subject to the constitution, the Board may, at any time, appoint a director in addition to existing director and the director so appointed shall hold office—
(a)
in the case of a public company, until the next annual general meeting; or
(b)
in the case of a private company, in accordance with the terms of appointment.