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Zeta Teresa Pereira   17 February 2020

Company law

As per the provision of Section 149(5) appointment of independent directors is being given one year transition period but there is no such transition time for remuneration or nomination committee. Under Section 178 Nomination & Remuneration committee is to have minimum 2 independent directors. If a company does not have Independent directors as of now, how can the committee be constituted as one year transition time given for appointment of Independent Directors? Can remuneration and nomination committee constitution be also assumed to be formed in one year transition time?


 4 Replies

Real Soul.... (LEGAL)     17 February 2020

For the purpose of Quorum at least two members must personally be present...

Malik   01 March 2020

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Christina Smith   04 March 2020

The philosophy of law is commonly known as jurisprudence. Normative jurisprudence asks "what should law be?", while analytic jurisprudence asks "what is law?" John Austin's utilitarian answer was that law is commands. I consider myself as an experienced NYC Web Developer.

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