Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Committee memberships

Vishal (business) (78 Points)

05 June 2014

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

Reply
Follow
Share

4 Replies

RoHaN k (CA & CS) (308 Points)
Replied 05 June 2014

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

Upgrade to CAclubindia Pro. Subscribe Now!

Vishal (business) (78 Points)
Replied 05 June 2014

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