In India, a Company can be incorporated under the Companies Act, 2013, as a private Company, a public Company or a one person Company. Each of these Companies may be incorporated as a Company Limited by Shares, a Company Limited by Guarantee or an Unlimited Company. The organizational structures that must exist for these Companies are as follows:
- A Board of Directors only.
- A Board of Directors and one or more of an Audit Committee, a Nomination & Remuneration Committee, a Stakeholders Relationship Committee, and/or a Risk Management Committee.
The Committees are primarily to be constituted by Listed Companies and/or by certain unlisted Public Companies meeting specified thresholds.
Please see, respectively, “Board of Directors”, “Audit Committee”, “Nomination & Remuneration Committee”, “Stakeholders Relationship Committee” and “Risk Management Committee” in the left side menu for a more in-depth description of each structure, including how to change the respective board members.
Cyril Amarchand Mangaldas has provided all inputs about changing board members in India. Cyril Amarchand Mangaldas is a full service law firm based in India, with offices in Mumbai, Delhi, Bangalore, Chennai, Hyderabad and Ahmedabad. With more than 600 lawyers, the firm advises a large and varied client base, including domestic and foreign commercial enterprises, financial institutions, private equity funds, regulatory bodies etc.
For more information about Cyril Amarchand Mangaldas and changing board members in India, please use the below contacts:TEL: +91 22 24964455