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Is Section 178(5) applicable to unlisted Company having more than 5000 shareholders ?

Section 178- Nomination and remuneration committee and stakholders relationship committee.

Posted By: Pooja hiranandani 10 year(s) ago

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Akansha

Yes, section 178(5) shall be applicable as text of said section says "board of directors of a company" which includes both listed and unlisted companies in its ambit.

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