Question
As per section 149(3), at least 1 resident director who
has stayed in India for _____ on Board is mandatory.Solution
As per section 149 (3) of Companies Act 2013, “(3) Every company shall have at least one director who stays in India for a total period of not less than one hundred and eighty-two days during the financial year: Provided that in case of a newly incorporated company the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated.
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