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The Companies Act, 1956

Directors (Section 252 to Section 323)

Section 254 Subscribers of memorandum deemed to be directors.

Section 254 Subscribers of memorandum deemed to be directors.

In default of and subject to any regulations in the articles of a company, subscribers of the memorandum who are individuals, shall be deemed to be the directors of the company, until the directors are duly appointed in accordance with section 255.