Under Section 149(4) Companies Act 2013, every LISTED PUBLIC COMPANY must have:

1. Section 149(4) Companies Act 2013: 'Every listed public company shall have AT LEAST ONE-THIRD of the total number of directors as INDEPENDENT DIRECTORS.' 2. The Central Government may also prescribe minimum number for other public companies — Rule 4 Companies (Appointment and Qualification of Directors) Rules 2014 prescribes 2 independent directors for public companies meeting prescribed thresholds. 3. SEBI LODR Regulations 2015 (Regulation 17) require: where chairperson is non-executive and not a promoter, AT LEAST ONE-THIRD; where chairperson is executive/promoter, AT LEAST HALF the Board. 4. Hence option B is correct (per Companies Act position). _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 149(4); SEBI LODR Regulations 2015, Regulation 17_