Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ARJUN RAJAGOPAL   01 September 2021

Modification of terms of appointment of Independent Director

Dear Learned Members,

Request your clarification on the below.

A Joint Venture company has appointed independent director (Woman) voluntarily. As per the terms of appointment, the said independent director will retire on September 15, 2021 due to the end of his second term. However the company needs to have a one woman director. Can the Board of the JV company pass a resolution modifying the designation of Independent Director as Additional Director -Non Independent -Non Executive with effect from September 16, 2021 and which can be ratified in the subsequent AGM of the company.? Is this practice correct?

 0 Replies

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags