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Difference between the constitution of various committees to be constituted under SEBI (LODR) regulations 2015 and companies act 2013 which includes Audit Committee, Nomination & Remuneration Committee and Stakeholder Relationship Committee.
1. Audit Committee
| Point Of Difference | SEBI (LODR) Regulations 2015 | The Company Act 2013 |
| Members | Minimum 3 Directors | Minimum 3 Directors |
| Independent Directors | Min 2/3rd of the total members should be Independent Directors | Majority of members should be Independent Directors |
| Financial Literacy | All members should posses financial literacy and one should be expert of that | Majority of members including Chairperson should be financial literate |
| Chairperson | Independent Director | Act is silent |
| Secretary | Company Secretary | Act is silent |
2. Nomination & Remuneration Committee
| Point Of Difference | SEBI (LODR) Regulations 2015 | The Company Act 2013 |
| Members | Minimum 3 Directors | Minimum 3 Directors |
| Independent Directors | Min 50% of the directors should be Independent Director | Majority of Directors should be Independent |
| Non-Executive Directors | All Directors should be Non Executive | Min 3 Directors |
| Chairperson | Independent Director | Act is silent |
| Provision for the Chairperson of COMPANY | The Chairperson of the company (whether executive or non-executive) can be appoint as member but cannot be chair this committee | The Chairperson of the company (whether executive or non-executive) can be appoint as member but cannot be chair this committee |
3. Stakeholder Relationship Committee
| Point Of Difference | SEBI (LODR) Regulations 2015 | The Company Act 2013 |
| Members | Min 3 Directors | Any |
| Independent Directors | Have 1 Independent Director | Act is silent |
| Chairperson | Non Executive | Non Executive |
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