New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    How many independent directors should be there in a

    listed company? 
    A At least ½ of total directors Correct Answer Incorrect Answer
    B At least 1/3 pf total directors Correct Answer Incorrect Answer
    C At least ¼ of total directors Correct Answer Incorrect Answer
    D At least 1/5 of total directors Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    ·         Every listed public company shall have at least one-third (with fraction rounded-off as one) of the total number of directors as independent directors ·         the Central Government may prescribe the minimum number of independent directors in case of any class or classes of public companies: o   at least 2 independent directors in case of public company having paid up capital of at least Rs.10 crore or turnover of at least Rs.100 crore or have aggregate outstanding loans/debentures/deposits of more than Rs.50 crore 

    Practice Next