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Question 27 of 43

Q.When does the term of the first director expire?

(a) (A) Never
(b) (B) After completion of five years
(c) (C) On the day of the first general meeting of the company
(d) (D) After completion of three years
Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2025MCQ· 1mImportance★★★★★
63% · 27/43 Questions
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First directors hold office only up to the first general meeting — option (C).

First directors are usually named in the Articles of Association or appointed by the subscribers at incorporation, to run the company until the members can elect the regular board. Their tenure therefore automatically expires on the day the first general meeting (the first AGM) is held, at which the shareholders a …

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