Question

A company has 15 directors. How many directors should be independent directors as per Companies Act, 2013?

• A. 4
• B. 5
• C. 3
• D. 2

Answer 1

Answer: (B)

5

Every company shall have a Board of Directors consisting of individuals as directors and shall have—

(a) a minimum number of three directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company; and

(b) a maximum of fifteen directors:

One third of the number of directors in a company shall be independent director.