📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    According to the Regulation 23 of Securities Contracts

    (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, What is the minimum number of public interest directors required on the governing board of a recognized stock exchange or recognized clearing corporation?
    A Equal to the number of non-independent directors Correct Answer Incorrect Answer
    B Equal to the number of independent directors Correct Answer Incorrect Answer
    C Equal to the number of trading members Correct Answer Incorrect Answer
    D Equal to the number of employees Correct Answer Incorrect Answer
    E Equal to the number of managing directors Correct Answer Incorrect Answer

    Solution

    As per Reg 23(3)-The number of public interest directors shall not be less than the number of [non-independent directors]on the governing board of a recognised stock exchange and recognized Clearing Corporation.

    Practice Next
    More Administrative Interpretation and Maxims Questions
    ask-question