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Independent director
can independent director be appointed for all types of company?
Replies (2)
No, it is not necessary to appointment independent director for all types of companies.
According to section 149(4) read with Rule 4 of companies (Appointment and qualification of Directors) Rules, 2014. The below mentioned are the companies needs to appoint a independent director.
1. All listed companies.
2. Other public companies having
Paid up capital of ₹10cr or more.
or
Turnover of ₹100cr or more.
or
Outstanding loans, debentures and deposits of ₹50cr or more.
"Private limited companies no need to appoint independent director".
According to section 149(4) read with Rule 4 of companies (Appointment and qualification of Directors) Rules, 2014. The below mentioned are the companies needs to appoint a independent director.
1. All listed companies.
2. Other public companies having
Paid up capital of ₹10cr or more.
or
Turnover of ₹100cr or more.
or
Outstanding loans, debentures and deposits of ₹50cr or more.
"Private limited companies no need to appoint independent director".
Yes, the independent director can be appointed in any company but it is compulsory for the prescribed companies only.
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