Dir
Divya Jeswani (student) (217 Points)
10 November 2015
X is an Independent dir of ABC Ltd.Can he b an independent Director of abc Ltd(Subsidiary of ABC Ltd)???
Rahul Chilal
(CA, CS, DISA)
(713 Points)
Replied 10 November 2015
No an independent director of holding company cannot be appointed as independent director in subsidiary company. The definition of Independent Director itself gives that he should not be a director in subsidiary or associate company.https://goo.gl/tWg6Fe
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
