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

    Question

    A 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 In the calendar year Correct Answer Incorrect Answer
    B During the financial year Correct Answer Incorrect Answer
    C At the end of the financial year Correct Answer Incorrect Answer
    D In the previous calendar year Correct Answer Incorrect Answer
    E Through -out the year Correct Answer Incorrect Answer

    Solution

    Companies Act 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.

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