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Companies Act 2013 - Directors Quiz

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Questions and Answers

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

3 (correct)

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

15 (correct)

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?

6 months from date of incorporation Signup and view all the answers

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

at least one-third of the total directors 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?

No, a promoter cannot become an independent director. 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?

Transaction of drawing remuneration for his services as director in the company 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?

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

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

2 term of maximum 5 years each Signup and view all the answers

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

DIR- 11 Signup and view all the answers