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Age limit of Directors in case of private company is _________
- a)65
- b)70
- c)75
- d)No limit
Correct answer is option 'D'. Can you explain this answer?
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Age limit of Directors in case of private company is _________a)65b)70...
Age limit of Directors in case of private company
There is no age limit prescribed for Directors in case of private company. Any person, regardless of their age, can become a Director of a private company if they meet the eligibility criteria.
Eligibility criteria for Directors in private company
The Companies Act, 2013 lays down certain eligibility criteria for Directors in private company, which include:
1. Minimum age - A person must be at least 18 years old to become a Director of a private company.
2. Director Identification Number (DIN) - Every Director must have a DIN, which is a unique identification number allotted by the Ministry of Corporate Affairs (MCA).
3. Consent and disclosure - Before becoming a Director, a person must give their consent and also disclose their interest in other companies, firms, or businesses.
4. Disqualification - A person may be disqualified from becoming a Director if they have been convicted of certain offences, declared insolvent, or are of unsound mind.
Conclusion
In conclusion, there is no age limit for Directors in case of private company. However, they must meet the eligibility criteria laid down by the Companies Act, 2013.
There is no age limit prescribed for Directors in case of private company. Any person, regardless of their age, can become a Director of a private company if they meet the eligibility criteria.
Eligibility criteria for Directors in private company
The Companies Act, 2013 lays down certain eligibility criteria for Directors in private company, which include:
1. Minimum age - A person must be at least 18 years old to become a Director of a private company.
2. Director Identification Number (DIN) - Every Director must have a DIN, which is a unique identification number allotted by the Ministry of Corporate Affairs (MCA).
3. Consent and disclosure - Before becoming a Director, a person must give their consent and also disclose their interest in other companies, firms, or businesses.
4. Disqualification - A person may be disqualified from becoming a Director if they have been convicted of certain offences, declared insolvent, or are of unsound mind.
Conclusion
In conclusion, there is no age limit for Directors in case of private company. However, they must meet the eligibility criteria laid down by the Companies Act, 2013.
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Age limit of Directors in case of private company is _________a)65b)70c)75d)No limitCorrect answer is option 'D'. Can you explain this answer?
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Age limit of Directors in case of private company is _________a)65b)70c)75d)No limitCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Age limit of Directors in case of private company is _________a)65b)70c)75d)No limitCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Age limit of Directors in case of private company is _________a)65b)70c)75d)No limitCorrect answer is option 'D'. Can you explain this answer?.
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