Independent director

Based on the recommendation of board and nomination and remuneration committee , you can appoint a person as independent director. But the appointment is subject to the approval of the shareholders

Originally posted by : d suresh
	Can a Public limited company appoint an independent director in the board subject to the approval of shareholders in the ensuing AGM. Or is it necessary that Independent Directors should be appointed only in the AGM

Yes he may be appointed as Additional Director and in AGM he will be appoitned as Regular Independent Director for a term of 5 years,.

can we appoint hime for less than 5 years

As per Section 149, read with Section 161 , read with Appointment and qualification of Director rules, Public Company subject to the approval of nomination and remuneration committee if any shall appoint the independent Director as non executive Director in capacity of Additional Director subject to the approval in General meeting or Annual General Meeting as the case may be. As per Section 149(10), such Independent Director shall hold the office for the period of less than 5 years but for purpose of Section 149, it shall be treated as the person has been appointed for a term of five years