1

X Ltd is unlisted company engaged in manufacturing of fabrics. Turnover of company as on last date of latest audited financial statements is 100 Crore. company is having 7 directors in its Audit Committee. Advice company by choosing correct option for company regarding requirement of appointment of independent director & minimum number of independent directors if required?

  • A

    Appointment of independent directors mandatorily required under XYZ Limited & min number of independent directors is 2.

  • B

    Appointment of independent directors mandatorily required under XYZ Limited & minimum number of independent directors is 3.

  • C

    Appointment of independent directors mandatorily required under XYZ Limited & minimum number of independent directors is 4.

  • D

    Appointment of independent directors not mandatorily required under XYZ Limited.