XY Ltd. is an unlisted company having 1100 shareholders. One of the directors of the company is of the opinion that the company should constitute Stakeholders Relationship Committee (SRC). However, the Secretary of the c
CS Executive · Company Law · PYQS · December 2022
XY Ltd. is an unlisted company having 1100 shareholders. One of the directors of the company is of the opinion that the company should constitute Stakeholders Relationship Committee (SRC). However, the Secretary of the company claims that it is not mandatory for the company to constitute SRC. Referring to the provisions of the Companies Act, 2013 answer the following questions: (c) What is the quorum for SRC meeting?
Answer & Explanation:
The quorum for the SRC shall be as specified by the Board. If no such quorum specified than all the members of the SRC will for the quorum as per SS-I.
Topics: Meetings of Board and its Powers
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