All sections · Part VII: Directors · Sub-Part II: Appointment, Removal and Resignation of Directors
134 Utnämning av styrelseledamöter
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) Den eller de som tecknar bolagets stiftelseurkund eller en majoritet av bolagets stiftelseurkund ska inom nio månader från bolagets bildande utse bolagets första direktör eller direktörer.
(2) Ett bolag kan utses till successiva styrelseledamöter -.
a) om inte något annat föreskrivs i stiftelseurkund eller stadgar, av medlemmarna genom ett ordinarie beslut, eller
(b) i den utsträckning som är tillåten enligt memorandumet eller artiklarna, genom ett beslut av styrelseledamöterna.
3. En direktör ska utnämnas för den mandatperiod som anges i beslutet om utnämning.
(4) Om inget annat föreskrivs i bolagets stiftelseurkund eller bolagsordning får bolagets styrelseledamöter utse en eller flera styrelseledamöter för att fylla en vakant plats i styrelsen.
(5) Vid tillämpningen av underavsnitt (4) -
a) en plats i styrelsen blir vakant om en styrelseledamot avlider eller på annat sätt upphör att vara styrelseledamot innan hans mandatperiod löper ut, och
(b) Styrelsen får inte utse en styrelseledamot för en mandatperiod som sträcker sig längre än den mandatperiod som återstod när den person som upphörde att vara styrelseledamot avgick eller på annat sätt upphörde att vara styrelseledamot.
6. En styrelseledamot ska kvarstå i sitt ämbete tills hans efterträdare tillträder sitt ämbete eller tills han tidigare avlider, avgår eller avsätts.
(2) Ett bolag kan utses till successiva styrelseledamöter -.
a) om inte något annat föreskrivs i stiftelseurkund eller stadgar, av medlemmarna genom ett ordinarie beslut, eller
(b) i den utsträckning som är tillåten enligt memorandumet eller artiklarna, genom ett beslut av styrelseledamöterna.
3. En direktör ska utnämnas för den mandatperiod som anges i beslutet om utnämning.
(4) Om inget annat föreskrivs i bolagets stiftelseurkund eller bolagsordning får bolagets styrelseledamöter utse en eller flera styrelseledamöter för att fylla en vakant plats i styrelsen.
(5) Vid tillämpningen av underavsnitt (4) -
a) en plats i styrelsen blir vakant om en styrelseledamot avlider eller på annat sätt upphör att vara styrelseledamot innan hans mandatperiod löper ut, och
(b) Styrelsen får inte utse en styrelseledamot för en mandatperiod som sträcker sig längre än den mandatperiod som återstod när den person som upphörde att vara styrelseledamot avgick eller på annat sätt upphörde att vara styrelseledamot.
6. En styrelseledamot ska kvarstå i sitt ämbete tills hans efterträdare tillträder sitt ämbete eller tills han tidigare avlider, avgår eller avsätts.
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Appointment of directors
(1) The subscriber or subscribers to the company‘s memorandum or a
majority of themshall, within nine months of the date of incorporation of
the company, appoint the first director or directors of the company.
(2) Subsequent directors of a company may be appointed —
(a) unless the memorandum or articles provide otherwise, by the
members by ordinary resolution; or
(b) where permitted by the memorandum or articles, by a
resolution of the directors.
(3) A director is appointed for such term as may be specified in there solution
appointing him.
(4) Unless the memorandum or articles of a company provide otherwise, the
directors of a company may appoint one or more directors to fill a
vacancy on the board.
(5) For the purposes of subsection (4) —
(a) there is a vacancy on the board if a director dies or otherwise
ceases to hold office as a director prior to the expiration of his
term of office; and
(b) the directors may not appoint a director for a term exceeding the
term that remained when the person who ceased to be a director
left or otherwise ceased to hold office.
(6) A director holds office until his successor takes office or until his earlier
death, resignation or removal.
majority of themshall, within nine months of the date of incorporation of
the company, appoint the first director or directors of the company.
(2) Subsequent directors of a company may be appointed —
(a) unless the memorandum or articles provide otherwise, by the
members by ordinary resolution; or
(b) where permitted by the memorandum or articles, by a
resolution of the directors.
(3) A director is appointed for such term as may be specified in there solution
appointing him.
(4) Unless the memorandum or articles of a company provide otherwise, the
directors of a company may appoint one or more directors to fill a
vacancy on the board.
(5) For the purposes of subsection (4) —
(a) there is a vacancy on the board if a director dies or otherwise
ceases to hold office as a director prior to the expiration of his
term of office; and
(b) the directors may not appoint a director for a term exceeding the
term that remained when the person who ceased to be a director
left or otherwise ceased to hold office.
(6) A director holds office until his successor takes office or until his earlier
death, resignation or removal.
Amended since 2016
Act 32 of 2021 · 2021-08-02
24. Section 134 of the principal Act is amended —
(a) in subsection (3), by repealing the words “there solution”, and
substituting therefor the words “the resolution”;
(b) by inserting after subsection (6), the following subsections —
“(7) A person shall not be appointed as a director or
alternate director of a company, or nominated as a reserve
director, unless the person has consented in writing to be a
director or alternate director or to be nominated as a reserve
director.
(8) Subsection (7) shall not apply to a director, alternate
director or reserve director appointed or nominated prior to
the commencement of the International Business Companies
(Amendment) Act, 2021.”.
(a) in subsection (3), by repealing the words “there solution”, and
substituting therefor the words “the resolution”;
(b) by inserting after subsection (6), the following subsections —
“(7) A person shall not be appointed as a director or
alternate director of a company, or nominated as a reserve
director, unless the person has consented in writing to be a
director or alternate director or to be nominated as a reserve
director.
(8) Subsection (7) shall not apply to a director, alternate
director or reserve director appointed or nominated prior to
the commencement of the International Business Companies
(Amendment) Act, 2021.”.
Act 13 of 2026 · 2026-08-11
(Summary of Act 13 of 2026, International Business Companies (Amendment) Act, 2026; official text in the Supplement to the Official Gazette of 24 August 2026, pages 148 to 151.) In section 134(1) the words "nine months of" are replaced by "30 days from": the first director must now be appointed within 30 days from incorporation.
