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    Question

    What are the number of directors that the Board may

    appoint on the governing board of recognized stock exchange or recognized clearing corporation?
    A One person Correct Answer Incorrect Answer
    B One or more persons Correct Answer Incorrect Answer
    C One or more persons not exceeding four Correct Answer Incorrect Answer
    D One or more persons not exceeding three Correct Answer Incorrect Answer
    E Atleast two persons Correct Answer Incorrect Answer

    Solution

    Regulation 23A of Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations 2018 Nominees of the Board on the governing board of a recognised stock exchange and recognised clearing corporation - The Board may appoint one or more persons not exceeding three in  number, as director(s) on the governing board of  any recognisedstock exchange or recognised clearing corporation and  such  director(s) shall  enjoy  the  same  status   and  power  as  the  other  directors  of  the governing board.

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