Under Section 149 Companies Act 2013, every company shall have a Board of Directors. The minimum and maximum number of directors are:
Answer & Solution
Correct answer: B.
1. Section 149(1) Companies Act 2013 prescribes board composition: (a) PUBLIC COMPANY: minimum 3; (b) PRIVATE COMPANY: minimum 2; (c) ONE PERSON COMPANY: minimum 1; and the maximum shall be 15, EXCEPT that a company may appoint more than 15 directors by passing a special resolution (no Central Government approval required after the Companies (Amendment) Act, 2017).
2. Section 149(3) requires every company to have at least one director who has stayed in India for ≥ 182 days during the financial year (RESIDENT DIRECTOR).
3. Section 149(1) proviso (added by 2015): specified class of companies shall have at least one WOMAN DIRECTOR.
4. Hence option B is correct.
_Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 149(1)_
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