https://www.taxtmi.com/acts?id=17475 The Board must constitute a Nomination and Remuneration Committee of three or more non-executive directors (at least half independent) to identify and recommend directors and senior management, set criteria for qualifications and independence, specify effective performance evaluation procedures for the Board and its members, and recommend a remuneration policy ensuring reasonable composition, performance linkage and balance of fixed and incentive pay, with salient features disclosed in the Board's report. Companies with large numbers of security-holders must form a Stakeholders Relationship Committee, chaired by a non-executive director, to consider and resolve security-holder grievances; committee chairs must attend general meetings and specified penalties apply for contraventions. en-us Sat, 02 Mar 2013 13:09:50 +0530 Wed, 10 Dec 2025 11:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17475 The Board must constitute a Nomination and Remuneration Committee of three or more non-executive directors (at least half independent) to identify and recommend directors and senior management, set criteria for qualifications and independence, specify effective performance evaluation procedures for the Board and its members, and recommend a remuneration policy ensuring reasonable composition, performance linkage and balance of fixed and incentive pay, with salient features disclosed in the Board's report. Companies with large numbers of security-holders must form a Stakeholders Relationship Committee, chaired by a non-executive director, to consider and resolve security-holder grievances; committee chairs must attend general meetings and specified penalties apply for contraventions. Act-Rules Companies Law Sat, 02 Mar 2013 13:09:50 +0530 https://www.taxtmi.com/acts?id=17475