Is there any relaxation for not constituting CSR Committee even when Section 135 is applicable to the Companny?
What is the Empowered Committee?Click here to view / answer Share it on
A private company is not required to appoint an independent director,
whereas Section 135(1) states that the CSR Committee should have at least
one independent director. Do private companies need to appoint an
independent director to comply with this section?
What is the quorum at Committee of Creditors constituted as per IBC 2016?
Which members of the Local Complaints Committee will be paid fees or allowances, why and how much?Click here to view / answer Share it on
what will be the composition of CSR committee in a company having no Independent director?
Within how much time, the minutes of the meeting shall be circulated to the members of Committee of Creditors by the Resolution Professional ?
Whether there can be a case where committee of creditors just comprise of operational creditors only while company is in Corporate Insolvency Resolution Process ?
Which companies are not required to constitute CSR committee?
SS-1 is applicable to meetings of the committees only if: -
All the members of the said committee are directors and the committee has been constituted by the Board whether statutorily or otherwise.
Reg 21 of SEBI LODR says that the majority of members of Risk Management Committee shall consist of members of the board of directors and the Chairperson of the Risk management committee shall be a member of the board of directors and senior executives of the listed entity may be members of the committee.
SEBI LODR allows senior executives of the listed entity may be members of the committee but in this case SS-1 is not applicable on Risk Management committee constituted under Listing Regulations. Any other views/comment ?
What is the timeline for sending notice for the committee meetings under companies Act ?
That must be same as applicable to Board Meeting right ?
Can anyone please share the first minutes of the CSR Committee.
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