{"id":81690,"date":"2023-11-28T17:01:30","date_gmt":"2023-11-28T11:31:30","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=81690"},"modified":"2023-11-28T17:01:30","modified_gmt":"2023-11-28T11:31:30","slug":"section-378u","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378u\/","title":{"rendered":"Section 378U. Committee Of Directors"},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-81690' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-378u\/#easy-footnote-bottom-1-81690' title='Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).'><sup>1<\/sup><\/a><\/span>[378U. Committee of directors.&#8211;<\/strong>(1) The Board may constitute such number of committees as it may deem fit for the purpose of assisting the Board in the efficient discharge of its functions:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that the Board shall not delegate any of its powers or assign the powers of the Chief Executive, to any committee.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(2) A committee constituted under sub-section&nbsp;<em>(1)<\/em>&nbsp;may, with the approval of the Board, co-opt such number of persons as it deems fit as members of the committee:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Provided that the Chief Executive appointed under section 378W or a director of the Producer Company shall be a member of such committee.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) Every such committee shall function under the general superintendence, direction and control of the Board, for such duration, and in such manner as the Board may direct.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(4) The fee and allowances to be paid to the members of the committee shall be such as may be determined by the Board.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(5) The minutes of each meeting of the committee shall be placed before the Board at its next meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[378U. Committee of directors.&#8211;(1) The Board may constitute such number of committees as it may deem fit for the purpose of assisting the Board in the efficient discharge of its functions: Provided that the Board shall not delegate any of its powers or assign the powers of the Chief Executive, to any committee. (2) A [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 378U. 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Committee of directors.&#8211;(1) The Board may constitute such number of committees as it may deem fit for the purpose of assisting the Board in the efficient discharge of its functions: Provided that the Board shall not delegate any of its powers or assign the powers of the Chief Executive, to any committee. 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