Chairman and independent director

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Neha Singh (Querist)

25 October 2013 Hi Everyone..

Can anyone please clarify whether the Chairman of the Company can be an independent Director of the same?

Ajay Mishra

Ajay Mishra (Expert)

25 October 2013 Go to the my article:https://www.caclubindia.com/articles/short-note-on-chairman-of-the-company-15760.asp#.UmpzIxenyVE

Ankur Garg

Ankur Garg (Expert)

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.

Message likes : 1 times

Neha Singh

Neha Singh (Querist)

29 October 2013 Thankyou so much Ankur ji..

Ankur Garg

Ankur Garg (Expert)

29 October 2013 You are always Neha Ji. Keep sharing your doubts through the platform of caclunindia.

Regards
Ankur

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