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Under the Companies Act, 2013, in case of a newly incorporated company, the requirement relating to…

The proviso to s.149(3) states that for a newly incorporated company "the requirement under this sub-section shall apply proportionately at the end of the financial year in…

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Under the Companies Act, 2013, in case of a newly incorporated company, the requirement relating to resident director shall apply:

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Correct answer C

The proviso to s.149(3) states that for a newly incorporated company "the requirement under this sub-section shall apply proportionately at the end of the financial year in which it is incorporated". It neither applies in full from incorporation nor waits for the commencement-of-business declaration under s.10A.

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