CS
2930 Points
Joined April 2016
As per the provisions of Section 149(10), independent Directors shall not be appointed for a period of two consequtive terms of 5 years.
And as per the Provisions of Section 149(11), after the expiration of two consequitive terms of 5 years, there shall be the gap of 3 years from ceasing of becoming independent director.
During the tennure of 3 years, such person shall not be associated with any Company either directly or indirectly.
In case of rotational directors , directors are reappointed after their fixed term without any cooling off period. But in case of Independent directors they can be reappointed only after the gap of cooling off period. Such cooling of period describes that Director is non rotational in nature.