does rule 7(1) of sec177 (9) apply to pvt ltd co`s..very very serious question regarding vigil mechnism.
Mayur Kashinpure
(Student)
(341 Points)
Replied 11 January 2016
Originally posted by : AA | ||
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does rule 7(1) of sec177 (9) apply to pvt ltd co`s..very very serious question regarding vigil mechnism. | ![]() |
Section 177(9) read with Rule 7 of Companies (Meetings of Board and its Powers) Rules, 2014 provides that
shall establish a vigil mechanism for their directors and employees to report their genuine concerns or grievances.
If you fulfill any of the above criteria, vigil mechanism has to be established in your company irrespective of the fact that it is a private company.
Sai Mukesh
(8 Points)
Replied 31 March 2020
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