Question
Consider the following statements with regard to the Audit Committee for Banks-
Consider the following statements with regard to the Audit Committee for Banks-
i. The ACB shall be constituted with non-executive directors (NEDs) only.
ii. At least two-thirds of the members attending the meeting of the ACB shall be independent directors
iii. The Chair of the Board shall be a member of the ACB Which of the above statements are true?
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