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Commerce Short Question | Gkseries

Q.

Which among the following is not a correct statement with regard to Corporate Governance in India ?

[A] Every company must appoint an individual or firm as auditor.
[B] The independent directors must attend at least three meetings a year.
[C] One or more women directors are recommended for certain classes of companies.
[D] The maximum number of permissible directors cannot exceed 15 in a public limited company.
Answer & Explanation

Answer: The independent directors must attend at least three meetings a year.

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