What is the minimum number of directors required for a public company according to the Companies Act, 2013?

A public company must have at least 3 directors.

Fill in the blank: A director is not considered a servant of the company but rather a ___ of its affairs.

Controller

True or False: A company can have more than 15 directors without passing a special resolution.

False. A company can only have more than 15 directors if it passes a special resolution.

According to Section 164, what disqualifies a person from being appointed as a director?

Disqualifications for Directors

• Unsound mind status disqualifies.

• Undischarged insolvency is disqualifying.

• Conviction over six months counts.

How long must a woman director's vacancy be filled after it arises?

The vacancy must be filled promptly.

• Ensures board continuity.

• Supports decision-making processes.

• Compliance with legal requirements.

Fill in the blank: Every listed company must appoint at least one director who has stayed in India for ___ days in the previous calendar year.

182

What is the maximum time allowed for a company to inform the registrar of a director's resignation?

The company must inform the registrar within 30 days of receiving the resignation notice.

True or False: A director can be appointed without a Director Identification Number (DIN).

False. Every director must have a DIN before being appointed.

What is the role of a small shareholders' director in a listed company?

A small shareholders' director is elected by small shareholders to represent their interests on the board.

Fill in the blank: The Companies Act requires every company to maintain a register of ___ at its registered office.

Key Managerial Personnel