Question

Which of the following correctly describes the mandatory composition of the SCBMF?

Q: Answer-Which of the following correctly describes the mandatory composition of the SCBMF?

The SCBMF must comprise at least 3 directors. Among them, it must include 1 Whole-Time Director WTD and a minimum of 2 Independent Directors IDs or Non-Executive Directors NEDs.

A At least 3 directors, including a Whole-Time Director (WTD) and a minimum of two Independent Directors or Non-Executive Directors

B Minimum 5 directors, consisting entirely of Whole-Time Directors

C 3 directors, including the Managing Director, CVO, and Chief Risk Officer

D 4 directors, with equal representation of Nominee Directors and Executive Directors

E Minimum 2 directors, chaired by the Executive Director

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Which of the following correctly describes the mandatory composition of the SCBMF?

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