Question

Which of the following is true about the governance 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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