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CA Final Appointment and Qualifications of Directors — practice questions

Explore 90 free Appointment and Qualifications of Directors questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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Appointment and Qualifications of Directors questions and exercises with answers

Showing questions 1–30 of 90.

Minimum number of directors of a public company under s.149(1)?Read the answer and worked solution →Minimum directors required in a One Person Company (s.149(1))?Read the answer and worked solution →Maximum board size without a special resolution (s.149(1))?Read the answer and worked solution →Appointing more than fifteen directors needs which resolution?Read the answer and worked solution →Under s.149(3), a director must stay in India for at least how long in a year?Read the answer and worked solution →Share of independent directors required in a listed public company (s.149(4))?Read the answer and worked solution →A fraction in the one-third count of s.149(4) is treated how?Read the answer and worked solution →Which director can never be an independent director under s.149(6)?Read the answer and worked solution →S.149(6)(c) looks at pecuniary ties over how many past financial years?Read the answer and worked solution →Past service as KMP or employee bars independence if within how many years (s.149(6)(e))?Read the answer and worked solution →Voting power held with relatives that bars independence (s.149(6)(e)(iii))?Read the answer and worked solution →Relative's holding allowed under s.149(6)(d)(i): face value up to?Read the answer and worked solution →A consulting firm's dealings with the company bar a partner at what share of firm turnover (s.149(6)(e)(ii))?Read the answer and worked solution →When must an independent director give the s.149(7) declaration?Read the answer and worked solution →The code for independent directors is in which Schedule (s.149(8))?Read the answer and worked solution →Term of an independent director under s.149(10) is up to?Read the answer and worked solution →Re-appointing an independent director for a second term needs?Read the answer and worked solution →Maximum consecutive terms of an independent director (s.149(11))?Read the answer and worked solution →Cooling-off gap after two terms as independent director (s.149(11))?Read the answer and worked solution →S.149(12) makes an independent director liable only for acts done with?Read the answer and worked solution →Independent directors are exempt from which rule under s.149(13)?Read the answer and worked solution →Who approves an independent director's appointment under s.150(2)?Read the answer and worked solution →The explanatory statement for an independent director must show what (s.150(2))?Read the answer and worked solution →Which company may have a small shareholders' director under s.151?Read the answer and worked solution →A small shareholder under s.151 holds shares of nominal value up to?Read the answer and worked solution →If articles are silent, who are the first directors under s.152(1)?Read the answer and worked solution →Who is the deemed first director of an OPC under s.152(1)?Read the answer and worked solution →By whom is a director generally appointed under s.152(2)?Read the answer and worked solution →What must a person hold before appointment as director (s.152(3))?Read the answer and worked solution →Consent to act as director is filed with Registrar within (s.152(5))?Read the answer and worked solution →

Worked practice questions

Minimum number of directors of a public company under s.149(1)?

  1. Three
  2. Five
  3. Two
  4. Seven
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Correct answer: A. Three

Section 149(1)(a) fixes three directors as the floor for a public company.

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Minimum directors required in a One Person Company (s.149(1))?

  1. Four
  2. Two
  3. One
  4. Three
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Correct answer: C. One

A One Person Company needs only one director under section 149(1)(a).

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Maximum board size without a special resolution (s.149(1))?

  1. Twelve
  2. Fifteen
  3. Ten
  4. Twenty
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Correct answer: B. Fifteen

Section 149(1)(b) caps the board at fifteen directors unless members pass a special resolution.

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