Under the Companies Act 2013, the 'Independent Directors' must hold a special training as per Section 149. Who is exempted from this training requirement?
A.A person who has been a director for more than 10 years
B.A person who has already undergone the training or is a whole-time director in a listed company
C.A qualified Chartered Accountant or Company Secretary
Explanation:
The Companies Act exempts individuals who have already undergone the prescribed independent director training, or those who are already serving as whole-time directors in listed companies, from the mandatory training requirement.
Explanation:
Under Fair Value, items are reported based on current market valuations, replacing the traditional historical cost concept for many financial instruments.
No comments yet. Be the first to start the discussion!