STAKEHOLDERS RELATIONSHIP COMMITTEE (SRC)- tradecareer.blogspot.com
STAKEHOLDERS RELATIONSHIP COMMITTEE (SRC) SRC provisions under Companies Act, 2013 [Section 178(5) of the Companies Act, 2013] Constitution : A company has to constitute a "Stakeholders Relationship Committee" where such company has more than 1000 shareholders, debenture-holders, deposit- holders and any other security holders at any time during a financial year. Note : The provisions of this section are not at all clear regarding the constitution of Stakeholders Relationship Committee. Chairperson : The Chairperson of a Stakeholders Relationship Committee shall be a non-executive director or other member of the Board. This committee considers and resolves the grievances of security ...