Central Government or tribunal is not bound to follow advice of the advisory committee.

True

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False

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Solution

The correct option is B False
The Advisory committee shall consist of not more than 5 persons with suitable qualification.The central Govt, is not bound to constitute an Advisory Committee and even if it is constituted neither the Central Govt, nor the Company Law Board or the National Company Law Tribunal is bound to accept its advice.

Suggest Corrections

	Group 'A'		Group 'B'
(i)	Companies Act	(a)	has not more than 9 members
(ii)	The Companies (Amendment) Act, 1988	(b)	advises the Central Government
(iii)	Company Law Board	(c)	is appointed by Central Government
(iv)	Registrar of Companies	(d)	Independent Company Law Board
(v)	Advisory Committee	(e)	constitutes company law
		(f)	appointed by state government