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Select the alternative that correctly indicates the Companies Act, 2008 require...

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Select the alternative that correctly indicates

the Companies Act, 2008 requirements concerning the appointment of directors.

1. The directors must be elected by shareholders to be appointed.

2. The directors may serve for an indefinite term.

3. The directors may serve for a finite term.

4. A candidate convicted for petty theft and who opted for imprisonment after the candidate was unable to pay a fine that the court imposed on the candidate may be appointed as a director.

5. An unrehabilitated insolvent who holds a Master’s in Business Administration (MBA)

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