In view of CA 2013, can you please provide you opinion on following points:
Do a private limited company which is a subsidiary of public limited company need to have following –
Audit & Nomination Committee
Woman Director
Independent Director
I feel though a private limited company which is a subsidiary of a public limited company is fulfilling the criteria’s provided under CA 2013 and final rules, still they don’t need to have these committees. How can a Private Limited Company running its operations with 2 directors have 3 members in audit committee.
Your views are solicited which will add value to this discussion.
CAclubindia
