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CS Professional · Compliance Management, Audit and Due Diligence · Legal Framework Governing Company Secretaries

The Council of the Institute of Company Secretaries of India is setting up its Standing Committees. Which of the following correctly lists the Standing Committees the Council must constitute from amongst its members?

The Council must constitute three Standing Committees from among its members: the Executive Committee, the Finance Committee and the Examination Committee. The Training and Educational Facilities and the Professional Research and Publications Committees are optional and may be set up at the Council's discretion.

  1. AExecutive Committee, Finance Committee and Examination CommitteeCorrect
  2. BExecutive Committee, Training and Educational Facilities Committee and Examination Committee
  3. CFinance Committee, Examination Committee and Professional Research and Publications Committee
  4. DExecutive Committee, Finance Committee and Professional Research and Publications Committee

Explanation

Section 17(1) names three Standing Committees: Executive, Finance and Examination. The Training and Educational Facilities Committee and the Professional Research and Publications Committee are optional committees the Council may constitute under section 17(2), so options that include them are wrong.

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