Section 300 - Appointment and removal of directors of private companies

(1) The appointment and removal of directors of a private company may, subject to sections 171 to 176, be regulated by the registered constitution of the company.

(2) In the absence of a contrary provision in a registered constitution of the company, each of the existing directors shall continue to hold office until the director vacates office under section 175, or is removed under section 176.

(3) A company may at any time by ordinary resolution fill a vacancy in the number of directors and may at any time by ordinary resolution increase the number of directors, but the total number of directors shall not exceed the maximum prescribed by the registered constitution of that company if it has one.