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      Question

      BSE & NSE have penalized  IndianOil and GAIL (India)

      Ltd with fines of ________  for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board. 
      A Rs.5.42 lakh Correct Answer Incorrect Answer
      B Rs.6.13 lakh Correct Answer Incorrect Answer
      C Rs.7.89 lakh Correct Answer Incorrect Answer
      D Rs.9.25 lakh Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      BSE & NSE have penalized  IndianOil and GAIL (India) Ltd with fines for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board.   Stock exchanges have fined Indian Oil Corporation (IOC), explorers Oil and Natural Gas Corporation (ONGC) and Oil India Ltd, gas utility GAIL, refiners Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), and Engineers India Ltd Rs 5.42 lakh.

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