i. A large number of shareholders necessitates the company to have a separate managerial body. ii. The maximum number of Directors

State whether the following statements are True or False:

i. A large number of shareholders necessitates the company to have a separate managerial body.

ii. The maximum number of Directors allowed to a company is 15 (fifteen).

iii. A public company should have a minimum of 10 (ten) directors.

iv. DIN is required for Secretaryship.

v. Executive Director is called an outside Director.

vi. The promoter of a company cannot be the Independent Director.

vii. Only individuals can be directors.

viii. The casual vacancy of the Board is filled by the members.

ix. To function as per Articles of Association of the company is the statutory duty of the Board.

x. A Director is an employee of the company.