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Date of appointment of Independent Directors
exactly when are independent directors to be appointed when the limits of section 149(6) crossed?
Replies (3)
which limit u r referring to?
Hi Abhishek,
Independent Directors are require to be appointed pursuant to section 149 (4) and Rule 4 of The Companies (Appointment and Qualification of Directors) Rules, 2014.
Section 149 (6) explains who can be an Independent Director but its requirement arises from above mentioned section.
Thanks...:)
The Act has failed to expressly provide the exact time within which ID should be appointed if the prescribed limit is crossed.
However, as a matter of practice and logically, ID should be appointed in the BM immediately held after the time when the prescribed limits got crossed.
However, as a matter of practice and logically, ID should be appointed in the BM immediately held after the time when the prescribed limits got crossed.
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