The following information is given : Name Status Paid-up Share Capital Annual Turnover Borrowings Sky Limited Listed 9 96 48 Earth Limited Unlisted 19 420 45 Water (Private) Ltd. Subsidiary of Earth Limited 4 112 27 What

Since NRC is constituted with non-executive directors and independent directors in majority, the minimum number of executive directors on NRC is NIL and the minimum number of independent directors of NRC is half i.e two (rounded off to the nearest number) where the total strength of NRC is three directors.