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Independent Director may be paid remuneration by way of: A. Sitting fees B. Stock option C. Profit-related commission approved by board membe
Question

Independent Director may be paid remuneration by way of:
A. Sitting fees
B. Stock option
C. Profit-related commission approved by board members
D. Share in fixed assets of the company

A.

A, C only

B.

B, D only

C.

C, D only

D.

A, B only

Correct option is A

As per the Companies Act, 2013, Independent Directors are entitled to receive sitting fees and profit-related commissions approved by the board. They are not entitled to stock options or a share in the fixed assets of the company. Hence, the correct answer is option (1).

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