Friends,
As per Schedule IV appointment of ID shall be apprved at the meeting of the shareholders. My questions are
1. Whether we have to include in the board agenda appointment of ID as separate item other than the notice of AGM?
2. Can we reconstitute the audit committe, nomination and remuneration committee before the appointment of ID takes place at the AGM? (with the existing ID appointed under companies act 1956)
Regards
Kavitha
In my opinion
1] yes , it is to be included in board agenda.[ other than AGM Notice ]
2] Yes , only if with previously appointed ID, it constitutes required board and fulfills the provisions
of constitution of various commitees.If not then constitute various commitees after appointment of IDs only.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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