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

• 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'