2013 · Q27
27. Which one among the following is not a salient feature of the Companies Bill as amended in the year 2012 ?
General KnowledgeCurrent Affairs
- AFor spending the amount earmarked for corporate social responsibility, the company shall give preference to local areas where it operates
- BPunishment for falsely inducing a person to enter into an agreement with bank or financial institution with a view to obtaining credit facilities
- CThere is no limit in respect of companies in which a person may be appointed as auditor
- D'Independent directors' shall be excluded for the purpose of computing 'one-third of retiring directors'
Explanation
The official key marks C as not a salient feature of the amended Companies Bill.