Match List I with List II List I (Schedules of the Companies Act, 2013)List II (Deals with) A. Schedule…
Under the Companies Act, 2013, Schedule III prescribes general instructions for the preparation of the Balance Sheet and Statement of Profit and Loss (A-III); Schedule IV…
Choose your answer
Match List I with List II
| List I (Schedules of the Companies Act, 2013) | List II (Deals with) |
|---|---|
| A. Schedule III | I. Code for independent directors |
| B. Schedule IV | II. Corporate social responsibility activities |
| C. Schedule V | III. Preparation of Balance sheet and statement of profit and loss |
| D. Schedule VII | IV. Appointment and remuneration to managerial personnels |
Answer and explanation
Correct answer B
Under the Companies Act, 2013, Schedule III prescribes general instructions for the preparation of the Balance Sheet and Statement of Profit and Loss (A-III); Schedule IV lays down the Code for Independent Directors (B-I); Schedule V specifies conditions for the appointment and remuneration of managerial personnel (C-IV); and Schedule VII lists eligible Corporate Social Responsibility (CSR) activities (D-II).
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UGC NET Commerce