A Nomination and Remuneration Committee has 4 member Directors including the Chairperson of BOD All ...........

Companies Act-Phase (I & II) Board-powersandMeetings

A Nomination and Remuneration Committee has 4 member Directors including the Chairperson of BOD. All of whom are non-executive and 2 are Independent Directors. Is the constitution proper? If not, why?

Yes , the constitution is proper

No, as the number of Independent Directors shall be a majority, which it is not

No, as the number of non-executive Directors shall be less than 3.

No, as the minimum number of member Directors for a NRC is 5

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Explanation:

Composition of Nomination and Remuneration Committee

Three or more non-executive directors out of which not less than one half shall be independent directors.
The Chairperson of the Company may be appointed as a member of the committee, but shall not chair such committee.