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Quiz
Q1. Independent Director means a director other than
Managing Director
Whole Time Director
Nominee Director
All of the above
Q2. Every Independent Director shall declare that he meets the criteria of independence in
1st BM after appointment
declare in 1st BM after change in circumstances affecting independence
1st BM of every year
All of the above
Q3. Who shall NOT be eligible for being appointed as Independent Director?
Promoter of Company, Holding, Subsidiary or Associate Company
Related to Promoter of Company, Holding, Subsidiary or Associate Company
Related to Director of Company, Holding, Subsidiary or Associate Company
All of above
Q4. On completion of 2 terms, an Independent Director can get appointed as ID only after a gap of
2 years
3 years
5 years
10 years
Q5. Who shall mandatorily appoint Independent Directors?
"Listed Public Company"
"Public Company having: PUC ? Rs. 10 Cr. or Turnover ? Rs. 100 Cr. or Outstanding Loans, Debentures & Deposits ? Rs. 50 Cr."
(a) and (b)
None of the above
Q6. Who shall be eligible to be appointed as Independent Director?
Not a promoter of Company, Holding, Subsidiary or Associate Company
Not related to Promoter of Company, Holding, Subsidiary or Associate Company
Notrelatedto Director of Company, Holding, Subsidiary or Associate Company
All of above
Q7. What is the term of appointment of an Independent Director?
3 consecutive years
5 consecutive years
Indefinite
As decided by BOD
Q8. Who shall be eligible to be appointed as Independent Director?
Not a promoter of Holding, Subsidiary or Associate Company
Not related to Promoter or Director of Company, Holding, Subsidiary or Associate Company
Not a promoter of Company, Holding, Subsidiary or Associate Company
(b) and (C)
Q9. Independent Director may hold office for ...
"3 consecutive terms"
1 term with 3 years gap before next
Notmorethan2consecutive terms with a gap of 3 years at least before 3rd term
Not more than 2 consecutive terms at all
Q10. To be eligible for being reappointed, an Independent Director shall not be associated with the Company in any manner for a period of
5 years
3 years
2years
10 years
