Chairman and independent director
This query is : Resolved
25 October 2013
Hi Everyone..
Can anyone please clarify whether the Chairman of the Company can be an independent Director of the same?
Can anyone please clarify whether the Chairman of the Company can be an independent Director of the same?
25 October 2013
Go to the my article:https://www.caclubindia.com/articles/short-note-on-chairman-of-the-company-15760.asp#.UmpzIxenyVE
26 October 2013
Yes why not.
There is no such restriction in law which debars Independent director to be appointed as Chairman of the company.
It is very much possible when as Independent director is appointed as Chairman of the Company. Actually we have to decide the status of independence of the director as that is the main issue.
If the person is independent from all angels, then he can be appointed as Chairman of the Company. But this kind of corporate governance is not followed in India.
There is no such restriction in law which debars Independent director to be appointed as Chairman of the company.
It is very much possible when as Independent director is appointed as Chairman of the Company. Actually we have to decide the status of independence of the director as that is the main issue.
If the person is independent from all angels, then he can be appointed as Chairman of the Company. But this kind of corporate governance is not followed in India.
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29 October 2013
Thankyou so much Ankur ji..
29 October 2013
You are always Neha Ji. Keep sharing your doubts through the platform of caclunindia.
Regards
Ankur
Regards
Ankur
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