Sunday 30 July 2017

TOPIC 5: QUICK REFERENCE TO “Composition of Board of Directors as per Sebi (Lodr) Regulations, 2015”

TOPIC 5: QUICK REFERENCE TO “Composition of Board of Directors as per Sebi (Lodr) Regulations, 2015”


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Quick Reference to "Composition of Board of Directors as per Sebi (Lodr) Regulations, 2015.":-
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Legal Provision:-
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Regulation 17(1).
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Points:-
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1. It's applicable for listed Companies only.
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2. BOD shall have Optimum Combination of Executive and Non Executive Directors.
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3. Minimum 50% of BOD should have Non- Executive Directors.
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4. One women Director is mandatory.
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5. If chairman is Non-executive director then atleast 1/3 of BOD includes independent directors.
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6. If Chairman is Executive Director then
Minimum 50% of BOD are independent directors.
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7. If regular Non-executive chairman is a promoter of the listed company or if he is related to promoter then 50% of BOD should consists Independent directors.
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Regards
ACA SOURAV BAGARIA

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