Multiple Choice Questions on At an AGM of a public company shall retire from office ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

At an AGM of a public company shall retire from office ........

Companies Act-Phase (I & II) Directors - powers and appointment
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    At an AGM of a public company__________________________________ shall retire from office.

    1/3 rd of such number of directors which are liable to retire by rotation   

    Correct Answer

    2/3 rd of such number of directors which are liable to retire by rotation  

    Incorrect Answer

    1/2 of such number of directors which are liable to retire by rotation  

    Incorrect Answer

    1/6 th of such number of directors which are liable to retire by rotation  

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    At the AGM of  a public company, 1/3 rd of such number of directors which are liable to retire by rotation , or if their number is neither three nor a multiple of three, then , the number nearest to 1/3rd, shall retire from office.

    By: Vikas Goyal
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