QuestionsCategory: CA-Final Corporate Governancemcq booklet -case study 27 -mcq 27.6
MIRAL VIJAYBHAI VEDIAMIRAL VIJAYBHAI VEDIA asked 3 years ago

how answer came to 8 ?

1 Answers
RaviRavi Staff answered 3 years ago

if chairman is promoter or related to promoter then at least 50% of board should be independent director (even if he is non executive director)  
here brother of promoter is chairman
so 16 x 50% = 8