Can Independent Director hold shares in the company in which he is a Independent Director.
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Independent director
Replies (3)
As per section 149(6), Independent Director shall neither himself or from any of his relatives holds 2% or more of the total voting power of the Company. if he holds 2% or more he does not qualify to be appointed fro the independent director
yes,maximum 2% allowed (with relatives)
Thank you !!
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