Separate board meeting by Independent Directors
The independent directors of the company shall hold an exclusive meeting at least once in the financial year. The meeting shall be without the non-independent directors. All the independent directors of the companies must be present at such meetings. The agenda of the...
Selection Process of Independent Directors
Qualifications Independent directors are directors of a company. Independent directors are subject to the same general requirements and disqualifications as any other director. The 2013 Act specifies specific qualification standards for independent...
Limit on the number of Independent Directorships
Limit on the number of Independent Directorships According to section 165 of the Companies Act 2013, the maximum number of companies wherein a person can be appointed as a director shall not be more than 20 companies (including the alternate...
Remuneration of Independent Directors
Remuneration of Independent Directors. Subsection (9) of section 149 of the Companies Act 2013, expressly prohibits independent directors from gaining any stock options ( ESOP) Board Structure and duties Section 2 (10) of the Companies Act, 2013 defines the term...Venkat Ramanujam’s Facebook Page
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