HP Ltd., a Non-Government unlisted company, have paid up share capital of ₹20 crores as on 31st March, 2019, it was increased to ₹25 crores during the financial year 2019-20. The company secretary advised that the compan
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2021
HP Ltd., a Non-Government unlisted company, have paid up share capital of ₹20 crores as on 31st March, 2019, it was increased to ₹25 crores during the financial year 2019-20. The company secretary advised that the company should have formal annual evaluation of performance of the Board, its committees and all the individual directors. Answer the following questions with reasons: (iii) In the above case, if the company had been a Government Company, what would be your answer ?
Answer & Explanation:
The Exemption has been granted to Government Company from compliance of the provisions of section 134(3)(p) of the Companies Act, 2013.
Topics: Board Evaluation
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