The following information is given as per audited accounts as on 31 st March, 2023 : Name Status Paid-up Capital (₹) No. of Debenture-holders No. of Shareholders Sun Ltd. Unlisted 125 Nil 1001 Moon Ltd. Listed 575 1001 1
CS Executive · Company Law · PYQS · December 2023
The following information is given as per audited accounts as on 31 st March, 2023 : Name Status Paid-up Capital (₹) No. of Debenture-holders No. of Shareholders Sun Ltd. Unlisted 125 Nil 1001 Moon Ltd. Listed 575 1001 11000 Neptune Ltd. Unlisted 9 1250 999 With respect to above answer the following: (iii) What is the minimum number of members in the constitution of SRC ?
Answer & Explanation:
As per Section 178(5) of the Companies Act, 2013, Stakeholders Relationship Committee shall consist of chairperson who shall be a non-executive director and such other members as may be decided by the Board. Under Regulation 20 of SEBI (LODR) Regulations, 2015 the listed company shall constitute a Stakeholders Relationship Committee to specifically look into various aspects of interest of shareholders, debenture holders, and other security holders. It shall consist of at least 3 directors, with at least 1 being an independent director.
Topics: Corporate Governance
Related Questions in this Topic
- The following information is given : Name Status Paid-up Share Capital Annual Turnover Borrowings Sky Limit...
- The following information is given : Name Status Paid-up Share Capital Annual Turnover Borrowings Sky Limit...
- The following information is given : Name Status Paid-up Share Capital Annual Turnover Borrowings Sky Limit...
- The following information is given : Name Status Paid-up Share Capital Annual Turnover Borrowings Sky Limit...
- The CFO of a well-known public company (one among top 20 listed companies) suggested to the Board of directors to consti...