Question
Consider the following statements regarding corporate
governance and the Board of Directors under Section 149 of the Companies Act, 2013: Statement 1: Every company must have at least one director who is not in the employment of the company. Statement 2: A director should not be a minor; they must be a natural person above 21 years of age. Statement 3: Listed companies must have at least one-third of the board as independent directors. Statement 4: The first director of a company cannot be a corporate entity; only natural persons can be directors. Which statements are correct?Solution
Section 149 and related provisions address director requirements. Statement 1 is correct—at least one director must not be in employment. Statement 2 is correct—Section 149(1) requires directors to be natural persons of at least 21 years. Statement 3 is correct—listed companies must have one-third independent directors. Statement 4 is incorrect—Section 149(8) permits corporate entities (OCPs, trusts) as directors in specific circumstances. Statements 1, 2, and 3 are correct.
Kranz anatomy type photosynthesis is shown by
Sporophytic self-incompatibility mechanism is characteristic of which plant group?
Which of these statements is incorrect?
A. Glycolysis occurs in cytosol
B. Oxidative phosphorylation takes place in outer mitochondrial ...
During cold winter water absorption by plant roots is at:
Cotton and pigeon pea are:
…………….. refers to removal of field heat (quick cooling) after harvest; if not, its deterioration is faster at higher temperature of 1 hour at ...
VAM is associated with
Calvin – Benson cycle uses ______ molecules of NADPH, _____ molecules of ATP to assimilate ______ molecule of CO₂
When certain plants are cut from near ground level, they produce flush of fresh shoots, which is known as coppicing. Coppicing is done at a height of __...
Which weathering agent is biological in nature ?
Relevant for Exams:
