Under Section 149(1) of the Companies Act, what is the ordinary maximum size of a Board before a special resolution is needed to appoint additional directors?
Question and options
Under Section 149(1) of the Companies Act, what is the ordinary maximum size of a Board before a special resolution is needed to appoint additional directors?
20
15
25
10
Answer and explanation
Correct answer: B - 15
Section 149(1)(b) of the Companies Act, 2013 sets a maximum of fifteen directors, and its proviso allows a company to appoint more than fifteen after passing a special resolution. The figure of twelve under the 1956 Act needed Central Government approval to exceed.
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