Nomination and Remuneration Committee and Stakeholders Relationship Committee.

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..... nation and Remuneration Committee consisting of three or more non-executive directors out of which not less than one half shall be independent directors. (2) The Nomination and Remuneration Committee shall identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, recommend to the Board their appointment and remov .....

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..... personnel and senior management involves a balance between fixed and incentive pay reflecting short and long term performance objectives appropriate to the working of the company and its goals: Provided that such policy shall be disclosed in the Board's report. (5) The Board of Directors of a company which consists of more than one thousand shareholders, debenture-holders, deposit-holders and any .....

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..... of the company who is in default shall be punishable with imprisonment for a term which may extend to one year or with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees, or with both: Provided that non-consideration of resolution of any grievance by the Stakeholders Relationship Committee in good faith shall not constitute a contravention of thi .....

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