The document discusses the composition, roles, and requirements around Nomination and Remuneration Committees and Shareholders' Grievance Committees according to the Companies Act and Clause 49 of the Listing Agreement. For Nomination and Remuneration Committees, the key points are that the chairman must be an independent director, and there are contradictions between the Act and Clause 49 regarding applicability thresholds. For Shareholders' Grievance Committees, the purpose is to address shareholder complaints, the committee must have a non-executive independent director as chairman, and Clause 49 makes these committees mandatory for listed companies.
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
Presentation on Independent Director as per Companies Act 2013Vishal Dhona, ACS
Presentation is made for understanding what is independent director? what are its roles?
Also by means of this you can understand what are the various provisions applicable to independent director.
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
Presentation on Independent Director as per Companies Act 2013Vishal Dhona, ACS
Presentation is made for understanding what is independent director? what are its roles?
Also by means of this you can understand what are the various provisions applicable to independent director.
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Chapter XI - Sec 149 to sec 172 of companies act 2013 - All provisions related to directors explained - Provisions relating to Appointment, qualification, duties, Vacancy, retirement explained - Provisions relating to independent director, small shareholders director, nominee director, additional director, alternate director, women director and resident director explained
Especially for CA final
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
Appointment and qualification of managerial personnel or key managerial perso...DVSResearchFoundatio
Specified class of companies are required to appoint managerial personnel (Managing Director, Whole time director, Manager, etc.) / key managerial personnel (KMP)(Managing Director / Chief Executive Officer, Chief Financial Officer, Company Secretary, etc.) The managerial personnel / KMPs are involved in the key decision making process of a company. The webinar covers the aspects of statutory provisions involved in the appointment and qualification of managerial personnel / KMPs, their roles and responsibilities, statutory compliances and judicial precedents.
Appointment and qualification of directorsRaksha Shree
Chapter XI - Sec 149 to sec 172 of companies act 2013 - All provisions related to directors explained - Provisions relating to Appointment, qualification, duties, Vacancy, retirement explained - Provisions relating to independent director, small shareholders director, nominee director, additional director, alternate director, women director and resident director explained
Especially for CA final
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
Appointment and qualification of managerial personnel or key managerial perso...DVSResearchFoundatio
Specified class of companies are required to appoint managerial personnel (Managing Director, Whole time director, Manager, etc.) / key managerial personnel (KMP)(Managing Director / Chief Executive Officer, Chief Financial Officer, Company Secretary, etc.) The managerial personnel / KMPs are involved in the key decision making process of a company. The webinar covers the aspects of statutory provisions involved in the appointment and qualification of managerial personnel / KMPs, their roles and responsibilities, statutory compliances and judicial precedents.
KUMAR MANGALAM BIRLA COMMITTEE, 1999
The Birla Committee’s recommendations consist of both mandatory recommendations and non-mandatory recommendations.
Mandatory Recommendations
Applicability: These are applicable to all listed companies with paid-up share capital of INR 3 crore and above.
Board of directors: The board of directors of a company must have an optimum combination of executive and non-eutive directors. The number of independent directors should be at least one-third in case the company has a non-executive chairman and at least half of the board in case the company has an executive chairman.
Constitution, role of nomination and remuneration committee - Dr S. Chandrase...D Murali ☆
Constitution, role of nomination and remuneration committee - Dr S. Chandrasekaran - Article published in Business Advisor, dated December 10, 2014 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
The Companies Act 2013 has introduced significant changes in the composition of the board of directors of a company. This White Paper contains the description of some provisions related to Independent Directors which have been modified in Companies Act 2013.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
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Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
3. • As per sub-section (1) of Section 178 of the Act,
Chairman of the Company whether executive or
non-executive can become a member of the
Nomination & Remuneration Committee,
however he cannot hold chair of such
committee.
• As per Clause 49 (IV) (A) of the Circular,
Chairman of the nomination and remuneration
committee shall be an Independent Director.
The circular is applicable to Listed Companies
having Paid-up Equity Share Capital exceeding
Rs. 10 crore and Net Worth exceeding Rs. 25
crore.
4. ITS ROLE
• to identify persons having the desired qualifications for becoming
directors or for appointment into the senior management level and
to recommend their appointment and/or removal to the Board
• to carry out evaluation of every director’s performance.
• establishing induction programs for new directors and education
programs for existing ones.
• ensuring succession plans are in place to maintain an appropriate
balance of skills.
• formulating the criteria for determining the qualifications, positive
attributes and independence of a director and recommending to the
Board a policy, which is to be disclosed in the Board's report, relating
to the remuneration for the directors, key managerial personnel and
other employees.
• shall also take into account the financial position of the company, the
industrial trend, appointee’s experience, past performance, past
remuneration, etc.
5. • should also strive to bring about objectivity in
determining the remuneration package while
striking a balance between the interest of the
company and the shareholders
• ensure that-
1. The level and composition of remuneration is
reasonable and sufficient to attract, retain and
motivate directors of the quality required to run the
company successfully;
2. Relationship of remuneration to performance is
clear and meets appropriate performance benchmarks;
3. Remuneration to directors, key managerial
personnel and senior management involves a balance
between fixed and incentive pay reflecting short and
long term performance objectives appropriate to the
working of the company and its goals.
6. What are the contradictions between Act
and Clause 49 on Listing Agreements on
Nomination and Remuneration
Committee?
• Act here specifically speaks about the
applicability of appointment of Nomination and
Remuneration Committee to Every Listed
Company, however Clause 49 of the Listing
Agreement exempts companies having Paid-up
Equity Share Capital not exceeding Rs. 10 crore
and Net Worth not exceeding Rs. 25 crore.
• It also exempts companies whose equity share
capital is listed exclusively on the Small and
Medium Enterprises (SME) platform.
8. Companies Act,1956 Companies Act,2013
There was no requirement for the constitution of the
Nomination and Remuneration Committee in the 1956 Act.
The 2013 Act requires every listed company and
prescribed class of companies to constitute Nomination
and Remuneration Committee.
The board may set up a remuneration committee to
determine on their behalf and on behalf of the
shareholders with agreed terms of reference, the
company’s policy on specific remuneration packages for
executive directors including pension rights and any
compensation payment.
The Nomination and Remuneration Committee
shall formulate the criteria for determining qualifications,
positive attributes and independence of a director and
recommend to the Board a policy, relating to the
remuneration for the directors, key managerial personnel
and other employees.
The remuneration committee may comprise of at least
three directors, all of whom should be non-executive
directors, the Chairman of committee being an
independent director.
The Nomination and Remuneration Committee consisting
of three or more non-executive directors out of which not
less than one-half shall be independent directors. The
chairperson of the company (whether executive or non-
executive) may be appointed as a member of the
Nomination and Remuneration Committee but shall not
chair such Committee.
All the members of the remuneration committee could be
present at the meeting
No such Provision
The Chairman of the remuneration committee could be
present at the Annual General Meeting, to answer the
shareholder queries. However, it would be up to the
Chairman to decide who should answer the queries.
No such Provision
9. AMENDED CLAUSE 49
• The company shall setup a nomination &
remuneration committee which shall comprise
of at least three directors all of whom shall be
NON-executive directors and at least half should
be independent.
11. PURPOSE
• It’s a standing committee of the board of
directors which looks into redressal of
shareholders complains related to transfer of
shares, non-receipt of the balance sheet ,
declared dividend, etc.
12. COMPOSITION
• It consists of 3 or more directors
• The chairman of the committee is an independent
non-executive director
• The Company Secretary acts as the Secretary to
this committee.
13. ITS ROLE
• Review the mechanism adopted for redressal of investors' and
depositors’ complains.
• Oversees the services of the registrars and transfer agents of the
company.
• Review the complaints and the status of investors’ complaints.
• Review the status of the litigations filed by/against the
shareholders of the company.
• Review the impact of amendments & enactments issued by the
MCA / SEBI and other regulatory authorities on matters
concerning the investors in general.
• Review the status of unclaimed shares and unclaimed dividends.
• Uploading of the data relating to unclaimed deposits/dividends to
the website of Investor Education & Protection Fund (IEPF).
• Other responsibilities given by the board of directors of the
company and/or as required under Clause 49 of the Listing
Agreement.
14. AMENDED CLAUSE 49
• Makes it mandatory on a listed co. to form this
committee under the chairmanship of a NED to
specifically look into the redressing of
shareholder’s complaints.