New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    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 ___________________
    A During the Financial Year Correct Answer Incorrect Answer
    B During the Previous Financial Year Correct Answer Incorrect Answer
    C During the Previous Calendar Year Correct Answer Incorrect Answer
    D During the Preceding three Financial Years Correct Answer Incorrect Answer
    E Either B or C Correct Answer Incorrect Answer

    Solution

    As per Companies Act, 2013, Section 149. Company to have Board of Directors -(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. Snapshot - Topic covered in Live class of SEBI Legal Course ixamBee

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