BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
Under what conditions can the board appoint an alternate director, as per Section 152, and what circumstances specifically necessitate such an appointment?
1
Absence of a director for over one month within India; ensuring continuity.
2
Absence of a director for over three months outside India; ensuring board continuity.
3
Board member's temporary incapacity; ensuring executive decision-making power.
4
Long-term illness of a director; guaranteeing operational stability.
5
Director's inability to attend one board meeting; ensuring decision-making quorum.