Independent director_ca 2013

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Hi All,

 
If a private company appoints an independent director although not required by CA 2013 then whether the said independent director and the company have to comply with schedule IV and whether restrictions like tenure and other provisions applicable to an independent director be applicable to such Independent director appointed by Private Company.
 
Kindly apprise.
Replies (1)

No, Schedule-IV and related provisions have to be complied with only when a person is appointed as an independent director  specifically under Companies Act 2013.

 

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