Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act? Options: A . &nbspAn Individual can set up "One person Private Ltd Company" B . &nbspAn independent Director can hold 3 consecutive terms of 3 years C . &nbspListed Companies must have at least 1/3rd independent Directors D . &nbspPrescribed Companies must have at least 1 woman Director on the Board

Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard

Question

Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?

Options:

A . An Individual can set up "One person Private Ltd Company"

B . An independent Director can hold 3 consecutive terms of 3 years

C . Listed Companies must have at least 1/3rd independent Directors

D . Prescribed Companies must have at least 1 woman Director on the Board

Answer: Option B

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