Independent director

Good Morning everyone!!!
Please advise -
As per companies act - every pub company with paid up cap 10 cr or more need to appoint independent director , audit comm, nomination comm
But if company has not complied with this section yet what all procedure company need to follow n how much would be the penalty amount
Replies (2)

Pl refer Sec.172 for penal provisions.

 

ok... ty sir

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