Statement I For the improvement in the corporate governance, the Department of Company Affairs (DCA) proposed a code of behaviour for the public sector companies in the year 1998.
Statement II The Clause 49 of SEBI was amended on August 2001, which had made it mandatory for every public company listed on Indian stock exchanges to sign it.

A. Statement I is correct, but Statement II is incorrect

B. Statement II is correct, but Statement Iis incorrect

C. Both statements are correct

D. Both statements are incorrect

Answer: Option D