Question

Pick the incorrect option under the Companies Act, 2013:

• A. Every company shall have a Board of Directors consisting of individuals as Directors
• B. Every company shall have a Board of Directors consisting of corporate Directors
• C. A minimum number of three Directors in the case of a public company and two Directors in the case of a private company are required
• D. There can be a maximum of fifteen Directors in a company

Answer 1

The Correct Option is B

Under the Companies Act, 2013, it is not necessary for every company to have corporate directors. Companies are required to have individual directors on the board. The statement that every company must have corporate directors is incorrect.