Board to appoint Nomination and Remuneration Committee 

Compliances   –  Under Sections 178(1) & (4)

  • The board to constitute the Nomination and Remuneration Committee.
  • The Committee to comprise three or more non-executive directors out of which not less than one-half shall be Independent Directors.
  • Chairperson of the company shall not to be the chairperson of the committee, he can be the member of the committee.
  • The policies of the committee relating to the remuneration for the directors, key managerial personnel and other employees to be disclosed in the Board’s Report.