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Section 23: Directors

The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959

(1) Every corporation shall have at least two directors. The directors of a corporation collectively are referred to in this Act as the “Board of directors” or “Board”.

(2) No body corporate, association or firm shall be appointed director of a corporation, and only an individual shall be so appointed.

(3) In default of, and subject to, any regulations in, the articles of a corporation, subscribers to the memorandum who are individuals, shall be deemed to be the directors of the corporation until the directors are duly appointed.

(4) Every corporation shall keep at its registered office a register of its directors, containing the name and usual residential address in full, and business or occupation, if any, with respect to each of them.

1959 : XXVI] The Maharashtra Non-Trading Corporation Act 13

Where this provision sits

ActThe Maharashtra Non-trading Corporations Act
Section23
Marginal noteDirectors
JurisdictionState of Maharashtra
StatusIn force as published by the source

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