Companies (Consolidation) Act 1908 (c. 69)

SCHEDULES.

FIRST SCHEDULE

TABLE A Regulations for Management of a Company Limited by Shares.

Rotation of Directors.

78 At the first ordinary meeting of the company the whole of the directors shall retire from office, and at the ordinary meeting in every subsequent year one-third of the directors for the time being, or, if their number is not three or a multiple of three, then the number nearest to one-third, shall retire from office.