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      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 Through -out the year Correct Answer Incorrect Answer
      C During the financial year Correct Answer Incorrect Answer
      D At the end of the financial 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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