Question

What should be the composition of the Nomination and Remuneration Committee under the Companies Act, 2013?

A 3 or more non-executive directors out of which at least one-half shall be independent directors Correct Answer Incorrect Answer
B 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 Correct Answer Incorrect Answer
C Both (a) and (b) Correct Answer Incorrect Answer
D None of the above Correct Answer Incorrect Answer

Solution

Section 177 The Nomination and Remuneration Committee shall consist of three or more non-executive directors out of which not less than one-half shall be independent directors.

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