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: (iv) Who can be the Chairperson of the SRC ?
Answer & Explanation:
As per Section 178(5) of the Companies Act, 2013, the chairperson of this committee shall be a non-executive director.
Topics: Corporate Governance
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