INTERMEDIATE LEVEL QUIZ π
Section 164 lists various disqualifications for a director. Which of the following conditions does NOT, by itself, render a person disqualified from being appointed as a director?
Section 164 lists various disqualifications for a director. Which of the following conditions does NOT, by itself, render a person disqualified from being appointed as a director?
Anonymous Quiz
12%
Being declared insolvent.
13%
Having a pending criminal case involving moral turpitude.
53%
Holding a minimal shareholding (e.g., less than 10%) and not being involved in day-to-day management
22%
Not having obtained a DIN prior to the appointment process.
π2
FINAL LEVEL QUIZ π
With respect to the removal of directors under Section 169, which procedural safeguard is critical for a director facing removal?
With respect to the removal of directors under Section 169, which procedural safeguard is critical for a director facing removal?
Anonymous Quiz
51%
The opportunity to be heard at the general meeting where the resolution is proposed.
25%
Prior approval from the Board of Directors before the special resolution is tabled.
13%
The ability to file a petition with the Insolvency and Bankruptcy Board.
11%
Obtaining a written consent from the majority of operational creditors.
π1
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