Small shareholder director

is it compulsory for an SSD to be an independent director ?
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Quick Summary
This discussion clarifies whether a Small Shareholder Director (SSD) is automatically considered an independent director. It explains that an SSD is deemed independent only if they meet the eligibility criteria and provide a declaration of independence as stipulated in subsections (6) and (7) of Section 149 of the Act.

Such director shall be considered as an independent director subject to being eligible and giving a declaration of his independence in accordance with sub section (6) and (7) of section 149 of the act.
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