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    Appointment of ID to comply provisions of Section 135

    Posted By : ARUN GANDHI / Published on : 29-Jul-2022 05:58 AM / View : 456 / Comment : 1

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    Dear Members

    Is it compulsory for a company to appoint an independent director
    solely for the purpose of the provisions of the constitution of the CSR Committee even if it is not required to make any such appointment otherwise?
    Read more on : section provisions comply appointment

    • Hi Arun!

      It is illuminated in the proviso of Section 135(1) of the Companies Act, 2013 which states that:

      Where a company is not required to appoint an independent director under sub-section (4) of section 149, it shall have in its Corporate Social Responsibility Committee two or more Directors.

      Therefore, if a company does not fall under the ambit of section 149(6), it is not mandatory to appoint Independent Director solely for the purpose of the provisions of the constitution of the CSR Committee.

      Thanks!

      30-07-2022 / 05:05:46 AM
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