Question

The company fails to constitutes stakeholder relationship committee what is the fine prescribed under company law

Answer 1

Answer:

classes of companies, as may be prescribed shall constitute the Nomination and Remuneration. Committee consisting of three or more non-executive directors out of which not less

Answer 2

Answer:

Penalty of five lakh rupee with imprisonment is the punishment given.

Explanation:

Stakeholders committee consists of one chairperson and this position is decided by the higher officials of board person.  This committee has many shareholders, deposit holders and other security holders. In this committee there are some penalties for non-compliance. If company is found to be guilty, it will be punishable with five lakh fine with one year of imprisonment for each officer of the company.