154 Court may appoint directors

(1)

If—

(a)

there are no directors of a company, or the number of directors is less than the quorum required for a meeting of the board; and

(b)

it is not possible or practicable to appoint directors in accordance with the company’s constitution,—

a shareholder or creditor of the company may apply to the court to appoint 1 or more persons as directors of the company, and the court may make an appointment if it considers that it is in the interests of the company to do so.

(2)

An appointment may be made on such terms and conditions as the court thinks fit.