Committee memberships

Hi Ankur

1. Would like to know if there is any restrictions for independent directors to accept the membership of various Board committees under CA 2013 such as

  • CSR Committee
  • Nomination & Remuneration Committee
  • Audit Committee
  • Stakeholders & Shareholders Grievance Committee

2. Can we re-name the existing sharetransfer committee as Stakeholders & Shareholders Grievance Committee to consider the grievances and also share transfers

 

 

Replies (4)

Audit Commitee - Min 3 Dir - majority should be ID

Nomination /Remmuneration - Min 3 Dir -1/2 should be ID

CSR Commitee - Min 3 Dir - 1 should be ID

And yes you can rename existing commitee to stake holders commitee

Thanks Rohan

and would like to clarify my question- is there any specific no. of committees exceeding which independant director can not accept the membership of the said 4 committees and if yes what is the maximum no. in which Independent Director can be a member.

Regards

Vishal

No sir there is no such limit specified in companies act 2013 as on date 

and also no corresponding rules circulars issued yet.

in my opinion there are no restriction on accepting such number by ID

Hello,

 

thereare certain  restrictions mentioned in revised  clause -49 of the Listing agreement for IDS.

 

PL.check

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