Question

Which document trail best evidences compliance with Rule 13(1) of KCS Rules for prior approvals and meeting conduct?

• A. Meeting minutes only, without attendance or voting records
• B. Registrar / RBI approval letters, assisted sponsor NoC if applicable, meeting notice with agenda, attendance, minutes, and voting records
• C. Emails exchanged between board members discussing the prior approval
• D. Bank statements showing payment of fees related to the prior approval

Answer 1

Answer:

B. Registrar / RBI approval letters, assisted sponsor NoC if applicable, meeting notice with agenda, attendance, minutes, and voting records

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