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" NOMINATION, APPOINTMENT AND ELECTION OF DIRECTORS UNDER THE, COMPANIES ORDINANCE, 1984 NOMINATION, APPOINTMENT AND ELECTION OF DIRECTORS UNDER THE, COMPANIES ORDINANCE, 1984   By   Sohaib Khalid Ishaque, Advocate, High Court   It would appear that under the Companies Ordinance, 1984, the Directors of a company are either "nominated", "appointed" or "elected". Nomination takes place under section 182 of the Ordinance which allows the creditors of the company, or other special interests, to send their nominees to the board of directors through contractual arrangements. Section 181 of the Ordinance suggests that appointment of directors takes place under section 176 lien the names and number of the first directors of the company are determined v the subscribers to the memorandum of association, and under section 180(2) which allows the directors of a company to fill up a casual vacancy by appointing a person to hold the office of a director for the remainder of the term of the director in whose place he is so appointed.   While there is no provision in the Ordinance which specifically says that directors of a company are to be elected, the provisions of sections 177 and 178 of the Ordinance necessarily imply that at least some directors of a company are subject to election. Presumably these are the directors who are not nominated by special interests by virtue of any contractual arrangements. An indication of what these special interests are is, given by section 183, which states that the provisions regarding procedure of election of directors (section 178) does not apply to directors nominated on the board of a company by inter alia, the Pakistan Industrial Credit and Investment Corporation Limited, or the Federal…