24 April 2019
NCLT imposes file on CaratLane Trading for not constituting a Nomination and Remuneration Committee in terms of Companies Act, 2013
National Company Law Tribunal (NCLT) has imposed a fine on CaratLane Trading Pvt. Ltd., a Tata Group company and subsidiary of Titan, for not constituting a nomination and remuneration committee in 2016 — as mandated under Section 178 of the Companies Act, 2013.