In calculating the number of minimum independent director , rounding off rule is applicable or next integer rule is to be considered?

For example: If 1/3rd of total directors is in decimal i.e 3.33. Then answer (minimum no. of independent director) should be “3” or “4”?

1 answer

Ravi Staff April 2, 2018

i am not expert in this area of company law 
but logically as minimum word is used rounding off should be on higher side of decimal that means answer should be 4


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