New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which all companies are required to constitute the

    Stakeholders Relationship Committee under the Companies Act?
    A Companies having more than one thousand shareholders, debenture -holders, deposit-holders and any other security holders during a financial year Correct Answer Incorrect Answer
    B Companies having less than one thousand shareholders, debenture -holders, deposit-holders and any other security holders during a financial year Correct Answer Incorrect Answer
    C Companies having one thousand shareholders, debenture -holders, deposit-holders and any other security holders during a financial year Correct Answer Incorrect Answer
    D Companies having one thousand shareholders, debenture -holders, deposit-holders and any other security holders during a calendar year Correct Answer Incorrect Answer
    E Companies as the Central Government may prescribe Correct Answer Incorrect Answer

    Solution

    Section 178. Nomination and Remuneration Committee and Stakeholders Relationship Committee: (5) The Board of Directors of a company which consists of more than one thousand shareholders, debenture -holders, deposit-holders and any other security holders at any time during a financial year shall constitute a Stakeholders Relationship Committee consisting of a chairperson who shall be a non-executive director and such other members as may be decided by the Board.

    Practice Next