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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, β€œ(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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