How many directors can be permanently appointed out of the total number of directors in case of public company?
A
Two-third
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B
One-third
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C
Three-fourth
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D
One-fifth
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Solution
The correct option is A One-third At least two-thirds of the Directors of a public company or of a private company subsidiary of a public company have to retire by rotation and the term "rotational Director" refers to such Directors who have to retire at the end of his or her tenure. Therefore, one-third of directors can be permanently appointed out of the total number of directors in case of public company