Multiple Choice Questions on Which company s are compulsorily required to appoint independent directors ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Which company s are compulsorily required to appoint independent directors ........

Companies Act-Phase (I & II) Directors - powers and appointment
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    Which company/(s) are compulsorily  required to appoint independent directors :

     Public Companies with Paid up share capital of Rs. 10 crores or more

    Incorrect Answer

     Public Companies with turnover of Rs. 100 crores or more

    Incorrect Answer

     Public companies with aggregate outstanding loans/debentures/deposits exceeding Rs. 50 crores

    Incorrect Answer

    All of the Above

    Correct Answer
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    Explanation:

    As per Rule 4 of Companies(Appointment and Qualification of Directors) Rules, 2014, the following classes of companies shall have independent directors:

    a. Public Companies with Paid up share capital of Rs. 10 crores or more

    b. Public Companies with turnover of Rs. 100 crores or more

    c. Public companies with aggregate outstanding loans/debentures/deposits exceeding Rs. 50 crores

    By: Vikas Goyal
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