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Dissolution of audit committee & nrc

Avneesh Mishra (CS Trainee)     28 August 2017

Avneesh Mishra
CS Trainee 
 14 likes  502 points

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Dear Professionals,

After the MCA Notification in the month of July 2017, 100% Subsidiary of a Listed Company need not to have Independent Directors on their Board and with a view to the same the Company has decided to dissolve the Audit Committee and NRC.

Query: Do we require to pass Board Resoultion for dissolving Audit Committee and NRC or mere the noting of the same in Board Meeting will suffice???

Any MCA Form required to be filed in this case???

Kindly assist.

Best Regards,

Avneesh Mishra.


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