Question
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?Solution
Ref. RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22, April 26, 2021
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