Abhinav AhujaAbhinav Ahuja asked 2 years ago
1 Answers
RaviRavi Staff answered 2 years ago

Hello Abhinav
It is long standing understanding, right from company act 1956. it has been asked and answered in exams also. so there is no doubt it is proper. Its origin can be in guidance note on independence or expert advisory committee opinions (which runs into many volumes) or any decided case law of uk etc
i think source is not very important from exam point of view