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.

Code:

1
Statement (I) is correct but (II) is incorrect.
2
Statement (II) is correct but (I) is incorrect.
3
Both the Statements (I) and (II) are correct.
4
Both the Statements (I) and (II) are incorrect.

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