Clause 49 listing agreement remuneration committee
This query is : Resolved
31 August 2014
Respected experts
kindly help me in this regard.
clause 49 of listing agreement prescribes that formation of remuneration committee is non mandatory.
so if a company voluntary forms remuneration committee can its chairman be non independent director as against independent director as required by clause 49.
CS Mitesh Mehta
(Expert)
01 September 2014
Even If company forms remuneration committee volunatary, it must comply with the clause 49 of the listing agreement. i.e chairman must be independent director
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