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Re-appointment of independent director
Does re-appointment of independent directors require RBI approval in specific companies?
Replies (3)
Quick Summary
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
Is there any circular where this has been mentioned?
You can find the circular on MCA website
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