Question:
Pick the incorrect option under the Companies Act, 2013:
Pick the incorrect option under the Companies Act, 2013:
Updated On: Dec 14, 2024
- Every company shall have a Board of Directors consisting of individuals as Directors
- Every company shall have a Board of Directors consisting of corporate Directors
- A minimum number of three Directors in the case of a public company and two Directors in the case of a private company are required
- There can be a maximum of fifteen Directors in a company
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The Correct Option is B
Solution and Explanation
Under the Companies Act, 2013, it is not necessary for every company to have corporate directors. Companies are required to have individual directors on the board. The statement that every company must have corporate directors is incorrect.
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