CS
13 questions available.
Mandatory for top 1000 listed entities. Min 3 members with majority directors; at least 1 independent; oversees risk policy, ERM framework and cybersecurity.
Executive: full-time involvement in operations. Non-executive: oversight only. Nominee: appointed by lender/investor under contract; subject to special restrictions.
Mandatory ESG report for top 1000 listed companies by market cap from FY 22-23. Covers nine NGRBC principles with quantitative and qualitative disclosures.
Issued by SEBI, IRDAI and PFRDA, stewardship codes require institutional investors to actively engage with investee companies on governance and voting.
NRC recommends → Board approves → Shareholders pass Special Resolution; ID must be on IDDB, pass online proficiency test and meet independence criteria.
CS ensures board procedures, compliance with laws, secretarial standards, advises board on governance and acts as principal officer for ROC and SEBI filings.
Mandatory for listed companies, those accepting deposits, and those with bank borrowings > ₹50 cr. Direct access to Chairman of Audit Committee for complainants.
Applicable where net worth ≥ ₹500 cr, turnover ≥ ₹1000 cr or net profit ≥ ₹5 cr. Spend 2% of average net profit on Schedule VII activities.
Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management and CSR are the five mandatory committees for listed entities.
Independent directors safeguard minority interests, bring objective judgment to board decisions, head key committees and review board performance.
Min 3 directors; 2/3 independent; chairperson independent; financially literate; reviews FS, related-party transactions, internal audit, whistleblower mechanism.
Trading by insiders on the basis of unpublished price-sensitive information (UPSI) is prohibited. Insiders include connected persons and those in possession of UPSI.
Board approval for all RPTs; ordinary resolution where transactions exceed prescribed thresholds; arm's-length and ordinary course transactions exempt from §188.