Question

In the case of public company, out of the total number of directors two thirds be directors liable to retire by rotation. At each annual general meeting,_____of these two thirds of directors are however eligible for reappointment.

• A. two-third
• B. one-third
• C. three-fourth
• D. one-fifth

Answer 1

The correct option is B 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 and one-third of these two-thirds of directors may be eligible for re-appointment at the end of his or her tenure.