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.

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1 Answers

i. True

ii. True

iii. False

iv. False

v. False

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