Below what age is a person disqualified from appointment as managing director under section 196(3)(a) of the Companies Act, 2013?
Question and options
Below what age is a person disqualified from appointment as managing director under section 196(3)(a) of the Companies Act, 2013?
21 years
25 years
18 years
30 years
Answer and explanation
Correct answer: A - 21 years
Section 196(3)(a) of the Companies Act, 2013 bars the appointment or continuation of a person below twenty-one years of age as managing director, whole-time director or manager. The same clause sets seventy as the age beyond which appointment needs a special resolution.
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