Date of compliance of provisions of independent director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2014
Dear Experts,
My query is with respect to date of compliance of section of Independent Director. In the rules notified by the Government, there is no date mentioned as to till what time are the prescribed class of companies required to comply with the provisions of Independent Director. As per SEBI circular, amendment made to clause 49 of the Listing agreement, listed companies are required to comply with the same by Oct 2014. Till What time are the Public Companies that fall in this category required to comply?
My query is with respect to date of compliance of section of Independent Director. In the rules notified by the Government, there is no date mentioned as to till what time are the prescribed class of companies required to comply with the provisions of Independent Director. As per SEBI circular, amendment made to clause 49 of the Listing agreement, listed companies are required to comply with the same by Oct 2014. Till What time are the Public Companies that fall in this category required to comply?
25 April 2014
Dear,
Please refer to the Gazetted notification no. 27 dated 30th August, 2013 as specified in the provisions of Section 149(5), Independent Director Appointment has a transitional period of 1 year w.e.f 01/Apr/2014.
Trust this is in line to suffice your query.
Regards,
Avneesh Mishra
Please refer to the Gazetted notification no. 27 dated 30th August, 2013 as specified in the provisions of Section 149(5), Independent Director Appointment has a transitional period of 1 year w.e.f 01/Apr/2014.
Trust this is in line to suffice your query.
Regards,
Avneesh Mishra
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