independent director

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can newly incorporated private limited Co. appoint independent director??
what are the proceeding...?
Replies (1)
applicability of independent director is for listed public company and for public company whose paid up share capital 10cr or more, turnover 100cr or more o/s loans debentures and deposit 50cr or more.
in your case its a private limited company and this section 149(1) is not applicable to you. means in my opinion u can appoint the director in terms of sec 152(2).

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