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of <h1>Amendment to Companies Act 2017: Section 178 Updated for Listed Public Companies, Performance Evaluation, and Grievance Resolution</h1> The Companies (Amendment) Act, 2017 modifies section 178 of the principal Act. It replaces 'every listed company' with 'every listed public company' in sub-section (1). Sub-section (2) is amended to require specifying the method for evaluating the performance of the Board, its committees, and individual directors, which can be conducted by the Board, a committee, or an independent agency. Sub-section (4) mandates that the company's policy be available on its website, with key features and changes disclosed in the Board's report. Sub-section (8) changes the language regarding grievance resolution to 'inability to resolve or consider any grievance.'
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