A company covered by section 135(1) of the Companies Act, 2013 is required to appoint independent directors. What must its Corporate Social Responsibility Committee consist of?
Question and options
A company covered by section 135(1) of the Companies Act, 2013 is required to appoint independent directors. What must its Corporate Social Responsibility Committee consist of?
Three or more directors, each a non-executive director
Three or more directors, at least one of them independent
Two or more directors, at least one of them independent
Three or more directors, a majority of them independent
Answer and explanation
Section 135(1) of the Companies Act, 2013 requires a CSR Committee of three or more directors, at least one of whom is an independent director. Only a company not required to appoint an independent director under section 149(4) may have a committee of two or more directors, under the proviso to section 135(1).
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