by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ
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...
by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ
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...
by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ
Board to appoint Audit Committee Compliances – Under Sections 177(1) & (8) Audit committee is one of the pivotal committees responsible for the overall financial reporting/ controls/ compliances within the organization. Section 177 of the...
by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ
Advantages of an Independent Director.. Overseeing KMP effectively External counsel and knowledge Zero material link to the corporate Networking and effective advisory role on Environmental and social governance Disadvantages of Independent Directors...
by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ
Commitment to the board Cater to the Time and energy the board demands Quarterly based commitment required by the effective Independent Director and chairman as Committee member and other member in committee Add value to the board & work out evolution...