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    Question

    How many minimum independent directors should a public

    company have whose paid up capital is Rs.10 crore?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Central Government may prescribe the minimum number of independent directors in case of any class or classes of public companies: o┬а┬а at least 2 independent directors in case of public company having paid up capital of at least Rs.10 crore or turnover of at least Rs.100 crore or have aggregate outstanding loans/debentures/deposits of more than Rs.50 crore┬а

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