Composition of Board of Directors

CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)

01 July 2011  

Expert please help.

A listed company was having 5 directors, 2 out of 5 were promoters and also relatives, now of the independent directors dies, do the company should appoint an independent directors as per the listing agreement. Please suggest whether the present composition of Board of Directors is Ok and is compying with Listing Agreement.