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    Question

    As per section 149(3), at least 1 resident director who

    has stayed in India for _____ on Board is mandatory.
    A Not less than 182 days in previous calendar year Correct Answer Incorrect Answer
    B Not less than 182 days in current calendar year Correct Answer Incorrect Answer
    C Not less than 182 days in current financial year Correct Answer Incorrect Answer
    D Not less than 182 days in previous financial year Correct Answer Incorrect Answer
    E Not less than 182 days in last two financial years Correct Answer Incorrect Answer

    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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