Question
Consider the following statements regarding “Defence
Innovation Organisation (DIO)”: I. DIO is a not-for-profit organisation formed under section 8 of the Companies Act 2013. II. It is funded by Hindustan Aeronautics Limited (HAL) and DRDO. III. It provides high-level policy guidance to iDEX. Which of the above statement is/are not correct?Solution
DIO is a not-for-profit organisation formed under section 8 of the Companies Act 2013. It is funded by Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL). It provides high-level policy guidance to iDEX.
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