As per Rule 4 of Companies (Appointment and Qualification of Directors) Rules, 2014, following unlisted public companies shall have atleast 2 directors as independent directors 1.Public companies with paid-up share capital of RS.10 crores or more 2.Public Companies with turnover of RS.100crores or more 3.Public Companies with aggregate outstanding loans, debentures, and deposits, exceeding RS.50 crores.
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