If an independent director resign. we can appoint his relative(Son or daughter) as Independent Director on the Board.
Do not they share pecuniary Relation as per Sect 149
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Relative of ex-independent director can be independent director of company
Replies (2)
The matter is debatable.... However I feel that this is not a pecuniary relationship
S they can.. Since no where in the 149 mention that ID as pecuniary relationship
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