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Operating Cycle

In the case o...

Question

In the case of public company, out of the total number of directors _______ be directors liable to retire by rotation

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 C two-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.

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