Which one among the following is not a salient feature of the Companies Bill as armended in the year 2012?

Options

A. For spending the amount earmarked for corporate social responsibility, the company shall give preferences to local areas where it operates
B. Punishment for falsely inducing a person to enter into an agreement with bank or financial institution with a view to obtaining credit facilities
C. There is no limit in respect of companies in which a person may be appointed as auditor
D. Independent directors' shall be excluded for the purpose of computing 'one-third of retiring directors'