As provided by the Companies Act, 2013, under corporate governance, out of the total number of directors, at least two of them should be independent directors in case of :

CS Executive · Corporate and Management Accounting · PYQS · December 2022
As provided by the Companies Act, 2013, under corporate governance, out of the total number of directors, at least two of them should be independent directors in case of :
(A) Unlisted public companies having turnover of ₹100 crores or more
(B) Unlisted public companies having paid up capital of ₹10 crores or more
(C) Unlisted public companies with aggregate outstanding loans, debentures and deposits exceeding ₹50 crores
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Governance

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