Re-appointment of independent director

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mira road
31 Points Posted on 13 April 2021
Does re-appointment of independent directors require RBI approval in specific companies?
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On 13 April 2021 at 01:45 Report
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This discussion clarifies the process for re-appointing independent directors. For most companies, a board resolution is sufficient and no RBI approval is needed. However, specific entities, such as NBFCs, do require RBI approval for such re-appointments. Further details can be found on the MCA website.

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Chartered Accountant
24588 Points Posted on 13 April 2021
No, In non specific companies independent directors can be re-appointed under board resolution and by the Board of Directors but not required RBI approval.

But in specific companies like NBFC etc, RBI approval is required
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On 13 April 2021 at 05:56
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mira road
31 Points Posted on 13 April 2021
Is there any circular where this has been mentioned?
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On 13 April 2021 at 09:47
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Chartered Accountant
24588 Points Posted on 13 April 2021
You can find the circular on MCA website
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On 13 April 2021 at 10:04

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