alleryStart learning →For an independent director, the s.152(5) proviso statement must say what?
AHe will serve ten years
BHe is a resident director
CHe holds company shares
DBoard finds him eligible
Answer & Solution
Correct answer: D. Board finds him eligible
The proviso requires a statement that in the Board's opinion he fulfils the conditions for such appointment.
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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)?