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Companies Act 2013 - Directors Quiz
10 Questions
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Companies Act 2013 - Directors Quiz

Created by
@MeaningfulNebula

Questions and Answers

What is the minimum number of directors required for a public company as per the Companies Act, 2013?

  • 1
  • 2
  • 3 (correct)
  • 4

    • What is the maximum number of directors a company can have without needing special permission?

  • 10
  • 15 (correct)
  • 20
  • 12

    • A listed company having 90 crores in paid up share capital has 8 directors, all men. Is the company in compliance with the Companies Act, 2013?

  • Yes, as the number of directors are within the maximum limit of 10
  • Yes, as women directors is only required for more a company with more than 300 crores in turnover
  • No, it needs to appoint a women director (correct)
  • Yes, as only public companies with paid up share capital 100 crores or more than need to appoint a women director

    • Within what time frame can a newly incorporated company appoint a women director when it meets the provisions of the Companies Act, 2013?

    <p>6 months from date of incorporation</p> Signup and view all the answers

    What part of the Board should consist of independent directors in a listed company?

    <p>at least one-third of the total directors</p> Signup and view all the answers

    Miss Anamica is a promoter-director in A&A ltd. Can she become an independent director for A&B ltd, a subsidiary of A&A ltd?

    <p>No, a promoter cannot become an independent director.</p> Signup and view all the answers

    ABC ltd is a public company having PUSC of 100 crores. Mr. X wants to apply for an independent director position with the company. He transacts with the company on a yearly basis. Which of the following shall NOT be considered a pecuniary relationship thus making him eligible to become an I.D?

    <p>Transaction of drawing remuneration for his services as director in the company</p> Signup and view all the answers

    Mr. Z holds 2% of the total voting power of the associate company of ABC ltd. His relative holds 1% in the same associate company. Can Mr. Z be eligible for I.D in ABC ltd?

    <p>Yes, can hold voting power in associate and be eligible.</p> Signup and view all the answers

    Under the Companies Act, 2013, what is the maximum tenure for an independent director?

    <p>2 term of maximum 5 years each</p> Signup and view all the answers

    Which form is used to submit the details of the resignation of a director to the Registrar?

    <p>DIR- 11</p> Signup and view all the answers

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