Consider the following statements regarding Uday Kotak Committee 1 The Committee has...........

Economic Affairs Industrial Policy and Industrial Growth

Consider the following statements regarding Uday Kotak Committee:

1. The Committee has proposed that now board of directors shall comprise not less than six directors.

2. Top 500 listed entities by market capitalisation shall pay compensation to each independent director as Rs 5 lakh per annum, whether through sitting fees or profit linked commissions.

Which of the statement(s) given above is/are correct?

1 only

2 only

Both

both

छोटे Courses बड़े Results

Master Industrial Policy and Industrial Growth

Prepare through Micro-courses

Try Now

Explanation:

A minimum of 6 (six) directors on the board was proposed by the Committee, keeping in mind the necessity for a sufficient number of directors on the boards of listed firms with a variety of experiences and skill sets to fulfil their responsibilities.