Examining the provisions of the Companies Act, 2013, relating to the constitution of a 'Nomination and Remuneration Committee' and 'Stakeholders Relationship Committee', answer the following: What shall be the compositio
CS Executive · Company Law · PYQS · December 2015
Examining the provisions of the Companies Act, 2013, relating to the constitution of a 'Nomination and Remuneration Committee' and 'Stakeholders Relationship Committee', answer the following: What shall be the composition of the committees in case the company is required to constitute such committees ?
Answer & Explanation:
The Nomination remuneration Committee shall consist of three or more non-executive directors out of which not less than one-half shall be independent directors. The Stakeholders Relationship Committee shall consist of a chairperson who shall be a non-executive director and such other members as may be decided by the Board.
Topics: Company Law
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