Re-appointment of independent director
jatin (mira road) (31 Points)
13 April 2021
Does re-appointment of independent directors require RBI approval in specific companies?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 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
But in specific companies like NBFC etc, RBI approval is required
jatin
(mira road)
(31 Points)
Replied 13 April 2021
Is there any circular where this has been mentioned?
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 13 April 2021
You can find the circular on MCA website
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