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Small shareholder director

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Vinay sawant

nothing

176 Points Posted on 18 June 2020

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.

Arun kumar ojha

pursuing ipcc

58 Points Posted on 18 June 2020

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.