is there a difference between compensation commitee and remuneration committee?
For what purposes compensation committee is required to be formed?
If a company has remeneration committee is it still required to form compensation committee?
Menu
Committee
Replies (3)
Hi,
Compensation Committee has no recognisation in law and not a mandatory one.
However Schedule XIII has recognized Remuneration Committee but it is also not mandatory. Remuneration Committee is required only if you are planning to follow sch XIII and pay remuneration to your directors as per Sch XIII.
As per general texture of Committee concept we can form committee for any kind of corporate purpose.
Regards
However you may find some reference regarding Compensation Committee in SEBI ESOP Guidelines. Lots of companies in India have also followed the concept of forming Remuneration cum Compensation Committee to serve dual purpose to handle Sch XIII and ESOPs, if any.
Regards
Thanks for the clarification sir
Regards
Anshu
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
