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Brief Synopsis | Board of Director | LODR | Companies Act, 2013
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| S. N. | Particulars | Board of Directors | Audit Committee | Nomination & Remune-ration Committee | Stakeholers Relationship Committee | Risk Manage-ment Committee |
| 1 | Minimum no. of Directors/ Members | OPC-1 Pvt Co.-2 Public Co.-3 Listed Entity (top 2000)-6 |
3 | 3 | 3 | 3 |
| 2 | Requirement of Independent Director in counting of minimum no. of directors/ members | OPC-NA Pvt Co.-NA Public Co.-2 (refer point 7) Listed Entity-1/3rd |
at least 2/3rd | at least 2/3rd | 1 | 1 |
| 3 | Meetings during the year | 4 times | 4 times | Once | Once | Twice |
| 4 | Quorum for the meeting | Top 2000 listed entity- 1/3rd or 3, Higher at least 1 ID Other than 2000-1/3rd or 2, Higher |
1/3rd or 2, Higher at least 2 IDs |
1/3rd or 2, Higher at least 1 ID |
NA | 1/3rd or 2, Higher |
| 5 | Chairperson | Chair-person is Non-Executive-1/3rd IDs Chair-person is Executive – 1/2 IDs |
ID | ID | Non-Executive Director | Member of Board |
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| Important Notes: | |||
| 1 | Every Listed Entity should comprise at least 50% of BOD as Non-Executive Directors. | ||
| 2 | At least 1 Independent Woman Director-Top 1000 listed entity At least 1 Woman Director–other than aforesaid listed entity |
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| 3 | Non-Executive Director should be of not more than 75 years of age. Company can appoint a Non-Executive Director of more than 75 years by passing SR | ||
| 4 | A Person shall not be Director in more than 20 Companies, At a time not more than 7 listed entities If the person is MD/WTD in listed entity, then he shall be eligible to be appointed as ID in 3 listed entities. |
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| 5 | Following class of companies shall appoint at least one woman director: -every listed entity -other public co. Paid up capital of 100 crores or more, or Turnover of 300 crores or more |
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| 6 | Every Company shall have at least 1 Resident Director, who stays in India for 182 days or more. | ||
| 7 | Following class of companies shall appoint atleast 2 IDs: -Public Co. having paid up capital of 10 Crores or more, or -Public Co. having Turnover of 100 Crores or more, or -Public Co. having outstanding loans, debentures and deposits exceeding 50 Crores |
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| 8 | ID shall hold office for a term of 5 consecutive years + reappointment for further 5 years by SR, after completing 10 years, 3 years would be cooling period | ||
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