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?
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