MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Life Membership Fees

The proportio...

Question

The proportion of directors which shall retire by rotation in a public company is ____________.

A

One-Third

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

One-Fifth

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Half

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Two-Third

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Two-Third
The proportion of directors which shall retire by rotation in a public company is two-third. According to the Companies Act, 2013, at least two-thirds of the total number of directors of a public company shall be persons whose office is liable to retirement by rotation. It is mentioned in the Section 152(6) of Companies Act, 2013.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Every company shall have a minimum number of ______ directors in the case of a public company.

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

Q. 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.

Q. A public company must have atleast _______ directors whereas a private company must have atleast ________ directors.

Q. Out of two third directors liable to retire by rotation one third director retiring are _________ retire first.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Honorarium

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Life Membership Fees

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon