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    Question

    Under the LIC Act, the Board of Directors shall consist

    of: 
    A Maximum 10 directors Correct Answer Incorrect Answer
    B Maximum 15 directors Correct Answer Incorrect Answer
    C Maximum 18 directors including at least one woman Correct Answer Incorrect Answer
    D Maximum 12 directors including two women Correct Answer Incorrect Answer
    E No limit on number of directors Correct Answer Incorrect Answer

    Solution

    Section 4(2) specifies the Board shall not exceed 18 directors, including at least one woman [Section 4(2)].

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