Difference between the constitution of various committees to be constituted under SEBI (LODR) regulations 2015 and companies act 2013 1. Audit Committee Point Of Difference SEBI (LODR) Regulations 2015 The Company Act 2013 Members Minimum 3 Directors Minimum 3 Directors Independent Directors Min 2/3 rd 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
Frequently Traded Shares: As per Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 Means shares of a target company, in which the traded turnover on any stock exchange during the 12 calendar months preceding the calendar month in which the public announcement is required to be made under these regulations is at least ten per cent of the total number of shares of such class of the target company; For example Public announcement has been made on February 5 th , 2019 then will see the traded turnover from February 1 st , 2018 to January 31 st , 2019. NSE and BSE always displayed the traded turnover of the listed company on their exchange. Provided that where the share capital of a particular class of shares of the target company is not identical throughout such period, the weighted average number of total shares of such class of the target company shall represent the total number of shares; In continuation of