Question

Which of the following is true about the governance

Q: Answer-Which of the following is true about the governance structure of Asset Reconstruction Companies (ARC...

ARCs are required to have a majority of independent directors on their board. To ensure transparency and proper governance, ARCs are required to have a majority of independent directors on their board. This helps in making unbiased decisions, especially when dealing with stressed assets.

structure of Asset Reconstruction Companies (ARCs)?

A At least half of the Board of Directors of the ARC comprises of independent directors.

B The CEO of an ARC can hold the position for up to 15 years without renewal

C ARCs are prohibited from being members of any credit information company

D ARCs can raise funds from deposits made by the public

E ARCs must have at least one-third of their directors from the public sector.

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Which of the following is true about the governance

Solution