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
×
×