Question
Section 149(1): A company shall have a Board of
Directors consisting of “not less than 3 directors in public company.” Consider: (1) Private companies must have at least 2 directors. (2) OPC shall have at least 1 director. (3) Maximum number of directors is 15 unless special resolution. (4) Woman director requirements apply to all companies.Solution
Woman director applies only to prescribed class — not all (4 incorrect).
Two or more persons are said to consent_______________
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Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office_______