Would it be permissible for Chairperson of Company to Chair the NRC in the above case if such person...........

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

Would it be permissible for Chairperson of Company to Chair the NRC in the above case if such person was a non-executive Director?

Yes, as Nonexecutive Chairperson of Company can be a Chair of NRC

No, as Chairperson of Company is prohibited to be Chair of NRC irrespective of whether executive or nonexecutive

No, as the number of Executive Directors would fall to zero, which is below minimum prescribed

Yes, as a NRC is required to have only Nonexecutive Directors

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Explanation:

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