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12 June 2015 whether a independent director can hold 1% share of company of which he is a independent director as per co. act 2013 ?
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CS Adnan Shaikh

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CS Adnan Shaikh (Expert)
13 June 2015 Yes. He should not hold 2% or more of voting power. Refer section 149(6)(e)(iii) of CA, 2013.

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