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: (d) What is the minimum number of meetings the SRC should conduct in a year?
Answer & Explanation:
As per SS-1 para 2.2, Stakeholders Relationship Committee shall meet as often as necessary subject to the minimum number and frequency prescribed by any law or any authority or as stipulated by the Board.
Topics: Meetings of Board and its Powers
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