Correct Answer:- Option-B

Question41:-Select the correct option regarding the legal provisions contained in
Indian Companies Act, 2013 about Corporate Governance

i. Holding of a minimum of 2 meetings of the board each year.

ii. Mandatory appointment of one woman director on the board of listed companies
iii. Mandatory appointment of committees likes CSR committee, audit committee
and so on

A:-Only i and ii are correct
B:-Only ii and iii are correct
C:-Only i and iii are correct
D--All i, ii, iii are correct
Correct Answer:- Option-B

Question42:-Amendment to Clause 49 of the listing agreement by SEBI, explains
about

A:-Chairman shall be independent director

B:-50% of the board shall be independent directors where the non-executive
chairman is a promoter

C:-An Independent director can be appointed for a term of upto 5 consecutive
years

D:-All of the above
Correct Answer:- Option-D

Question43:-Select the correct option about the objectives of a regulation
framework regarding merger and acquisition (M&A):

i. curbing malpractices in the M&A transactions

ii. protection of shareholders rights and interests

iii. adequate compensation for shareholders in open offers

A:-All i, ii, iii are correct
B:-Only i and iii are correct
C:-Only i and ii are correct
D:-Only ii and iii are correct
Correct Answer:- Option-A

Question44:-Select the correct option about the Blue Ribbon Committee
Recommendation on effectiveness of Corporate Audit Committee :

i. concentrates more on the independence of audit committee

ii. instituting audit committee disclosures

iii. mandating auditor interim financial review

A:-Only i and ii are correct
B:-Only ii and iii are correct
C:-Only i and iii are correct
D--All i, ii, iii are correct
Correct Answer:- Option-D