Independent director

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can independent director be appointed for unlisted entity?
Replies (2)
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.

Hope it helps.
-Sai Chandu Reddy
They can appoint the independent director, but it is not compulsory


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