Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act?
A. An Individual can set up "One person Private Ltd Company"
B. An independent Director can hold 3 consecutive terms of 3 years
C. Listed Companies must have at least 1/3rd independent Directors
D. Prescribed Companies must have at least 1 woman Director on the Board
Answer: Option B
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