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

    Question

    The maximum number of public companies in which a person

    can be appointed as a director shall _______________
    A Exceed ten Correct Answer Incorrect Answer
    B Not exceed ten Correct Answer Incorrect Answer
    C Not less than ten Correct Answer Incorrect Answer
    D More than twenty Correct Answer Incorrect Answer
    E Not more than twenty Correct Answer Incorrect Answer

    Solution

    Companies Act  Section 165. Number of directorships: (1)  No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time: Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten.

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