Re: [CSMysore] Stakeholders Relationship Committee

[Bhavani Prasad]

I opine that renaming of the existing committee will serve the purpose.

Regards

CS Bhavani Prasad C N
Company Secretary

GVK Group

098665 19059

On 24 April 2014 23:46, Deepesh Nayak <csdeepe...@gmail.com> wrote:

Friends please confirm,

A listed company already have a shareholders and investors grievance committee, now can it be renamed/reconstitutes as stakeholders relationship committee or a separate committee has to form.????


Regards
Deepesh

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[CS Chandru]

Hi,

 

I agree. Rename and Reconstitute existing IGC to SRC as per New Company and Revised Cl 49 requirements. We have done the same 

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Thanks & Regards

CS Chandrashekhar

+91 9743148312

 

Go GREEN...please consider environmental responsibility before printing this e-mail

[Deepesh Nayak]

Thanks to both of you sirs.

Regards,
Deepesh

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary

 *Mob. 097134-80215*
*csdeepe...@gmail.com*

[CS Shainshad Aduvanni]

Dear Deepesh,

You can rename as stakeholders relationship committee in a Board Meeting.

Regards

On 24 April 2014 23:46, Deepesh Nayak <csdeepe...@gmail.com> wrote:

Friends please confirm,

A listed company already have a shareholders and investors grievance committee, now can it be renamed/reconstitutes as stakeholders relationship committee or a separate committee has to form.????


Regards
Deepesh

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CS Shainshad Aduvanni
Company Secretary
Coimbatore

09841414439

[Mirza Mohammed Ali Baig]

Selection Committee and Remuneration Committee are one and the same! As per NCA, 2013 and Revised Clause 49 of LA

Pls give your inputs.

Mirza Mohammed Ali Baig

[nihita jayanthi Naga]

I feel we need to adopt resolution relating to reconstituting both remuneration and share holders grievances committee in bod meeting and add the additional requirements as per NCA 2013. Mere renaming will not be sufficient
Regards
Nihita

[VIMAL SHARMA Compliance]

Renaming is required

[Pari S.]

Can anyone provide me the resolution for the same.

[VIMAL SHARMA Compliance]

 

 

Item No. 1

To rename the Remuneration Committee as “Nomination and Remuneration Committee” as per Companies Act, 2013.

 

Pursuant to Section 178 of the Companies Act, 2013, the Company shall constitute the Nomination and Remuneration Committee. The said “Nomination and Remuneration Committee” shall formulate a policy to ensure that:-

a)     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;

b)     relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

c)     remuneration of directors, KMP 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.

 

Board is further informed that such policy shall be disclosed in the Board's report of the Company.

 

Board is informed that existing Remuneration Committee Which consists of 3 independent directors viz. Mr. A (Chairman), Mr. B and Mr. C, may be renamed as “Nomination and Remuneration Committee”.

 

Board is requested to take note of the same and may pass following resolution:-

 

 “RESOLVED THAT the existing Remuneration Committee be and is hereby renamed as Nomination and Remuneration Committee of the Board of Directors of the Company comprising of the following members of the Board of Directors of the Company as members of Stakeholders Relationship Committee:

 

1.      Mr. A(Chairman),

2. Mr. B (Member)

3. Mr. C (Member)

 

The Board may discuss the same and rename the Remuneration Committee as “Nomination and Remuneration Committee” as well as nominate Shri _____________, Director of the Company to formulate the criteria for determining qualifications, positive attributes and independence of director and recommend to the Board a policy, relating to the remuneration for the directors, key managerial personnel and other employees.

 

The Committee is requested to take note of the same.

 

Item No. 2:

To RENAME EXISTING SHAREHOLDERS COMMITTEE AS ‘STAKEHOLDER RELATIONSHIP COMMITTEE’

 

Board is informed that as per Section 178 of New Companies Act, 2013, a company which consists of more than 1,000 shareholders, debenture-holders, deposit-holders and any other security holders at any time during a financial year shall constitute a Stakeholders Relationship Committee consisting of a chairperson who shall be a non-executive director and such other members as may be decided by the Board.

 

Board is informed that existing Shareholders Committee which consists of two independent Directors viz. Mr. A, Chairman and Mr. B , may be renamed as “Stakeholders Relationship Committee”.

 

Board is requested to take note of the same and may pass following resolution:-

 

“RESOLVED THAT the existing Shareholders Committee be and is hereby renamed as Stakeholders Relationship Committee of the Board of Directors of the Company comprising of the following members of the Board of Directors of the Company as members of Stakeholders Relationship Committee:

1. Mr. Shiv Raj Singh (Chairman)

5.      2. Mr. Bharat Bhushan Chadha ( Member)

 

The Stakeholders Relationship Committee shall consider and resolve the grievances of Shareholders of the company.

PARI S- Pls. make suitable changes as per your requirement

[CS Shainshad Aduvanni]

Dear Vimal,

Excellent work.

Thank you

[Pari S.]

Thank you Vimalji