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What is the transition period provided for compliance with the residency requirement for directors?
  • a)
    3 months from the date of commencement of section 149
  • b)
    1 year from the date of commencement of section 149
  • c)
    6 months from the date of incorporation of the company
  • d)
    1 year from the date of incorporation of the company
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the transition period provided for compliance with the residen...
Section 149(5) of the Companies Act, 2013 provides a transition period of one year from the date of commencement (1st April, 2014) to comply with the residency requirement for directors.
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What is the transition period provided for compliance with the residency requirement for directors?a)3 months from the date of commencement of section 149b)1 year from the date of commencement of section 149c)6 months from the date of incorporation of the companyd)1 year from the date of incorporation of the companyCorrect answer is option 'B'. Can you explain this answer?
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