Companies Act (Cap. 386), article 141

141. (1) Where for any reason the representation of a company ceases to be vested in any person or persons, the company shall appoint another person or persons to exercise such function. The appointment shall be made by ordinary resolution taken at a general meeting notice of which shall be issued within fourteen days from the date when the vacancy occurs. (2) The company may by ordinary resolution replace any person or persons vested with the representation of the company. (3) Where, and for as long as, the representation of a company cannot be exercised in accordance with the memorandum of the company, any director shall represent the company in judicial proceedings against it. Disqualification for appointment as director or company secretary. Amended by: IV. 2003.67. Substituted by: XXXI.2020.2. Amended by: LX. 2021.7; XVIII.2024.11. Cap. 373.