How to change directors
Estimated reading time: 1 minute and 30 seconds
The memorandum of incorporation (MOI) determines the minimum number of directors and alternate directors, which, in the case of a private company may not be less than one director. A customised MOI will also set out the eligibility requirements for a director as well as the directors’ term of office. In the case of a standard MOI, the term of office is indefinite and there is no restriction on the number of directors. New directors may be elected by the Board of Directors when there is a vacancy or the company wishes to add directors.
InfoDocs makes lodging director changes quick and simple.
For in-depth articles please refer to the following:
How to appoint a director
How to resign a director
The memorandum of incorporation (MOI) determines the minimum number of directors and alternate directors, which, in the case of a private company may not be less than one director. A customised MOI will also set out the eligibility requirements for a director as well as the directors’ term of office. In the case of a standard MOI, the term of office is indefinite and there is no restriction on the number of directors. New directors may be elected by the Board of Directors when there is a vacancy or the company wishes to add directors.
InfoDocs makes lodging director changes quick and simple.
For in-depth articles please refer to the following:
How to appoint a director
How to resign a director
Updated on: 09/06/2023
Thank you!