alleryStart learning →When must an independent director give the s.149(7) declaration?
AOnly at first appointment
BAt each quarterly meeting
CYear's first Board meeting
DAt every annual meeting
Answer & Solution
Correct answer: C. Year's first Board meeting
Section 149(7) requires the declaration at the first Board meeting he attends, then each year and on any change in circumstances.
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Related questions
A removed director cannot later be re-appointed by whom (s.169(7))?A resolution to remove a director under s.169 requires what?Which director can the company not remove under s.169(1)?A company removes a director before term end by which resolution (s.169(1))?After resigning, a director stays liable for offences during?A resignation takes effect on which date (s.168(2))?Time to send reasons of resignation to Registrar (s.168(1) proviso)?How does a director resign under s.168(1)?