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    Question

    Which of the following best describes a "nominee

    director" in a company?
    A A director appointed by the company's auditors Correct Answer Incorrect Answer
    B A director elected by the company's employees Correct Answer Incorrect Answer
    C A director nominated by the company's shareholders Correct Answer Incorrect Answer
    D A director representing the interests of financial institutions Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Section 149 of Companies Act 2013 - Company to have Board of Directors: (7) Explanation.—For the purposes of this section, “nominee director” means a director nominated by any financial institution  in pursuance of the provisions of any law for the time being in force, or of any agreement, or appointed by any Government, or any other person to represent its interests.

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