State the relevant provisions in each of the following situations as per to the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) [SEBI (LODR)] (Third Amendment) Regulations, 2021 vide

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2023
State the relevant provisions in each of the following situations as per to the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) [SEBI (LODR)] (Third Amendment) Regulations, 2021 vide SEBI notification dated 31st August 2021 effective from 1st January 2022. (ii) Independent Directors to be included in the composition of nomination and remuneration committee.

Answer & Explanation:

The composition of Nomination and Remuneration committee shall include at least two-thirds of the directors shall be independent directors where earlier it was fifty percent and earlier in case of a listed entity having outstanding SR equity shares, two thirds of the nomination and remuneration committee shall comprise of independent directors, this has been omitted by above amendment. [Regulation 19(1)(c)]

Topics: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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