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    Appointment of Independent director in group companies

    Posted By : SHALU / Published on : 06-Jun-2021 04:35 PM / View : 414 / Comment : 0

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    Dear friends,

    ABC public company has an independent director by name ID.

    XYZ also public company wants to appoint same independent director ID for their company.

    The Promoters are common in both the companies. Also ABC is an associate company for XYZ company.

    ID is an unrelated person to both the companies. There is no pecuniary relationship with the company apart from getting sitting fees and fixed annual commission.

    Is it ok to appoint ID in XYZ limited?

    I seek your views on this.
    Read more on : companies group director independent appointment

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