Which of the following is a mandatory requirement for the appointment of a director as per Chapter XI of the Companies Act, 2013?
1
The director must hold at least 1% of the company's shares.
2
The director must be a resident of India for at least 182 days in the previous calendar year.
3
The director must be a shareholder of the company.
4
The director must be approved by the company's auditors.
5
The director must have a minimum of 10 years of experience in the relevant field.