Independent Director

    Posted By : Divya Saluja / Published on : 13-Jul-2018 07:08 AM / View : 104 / Comment : 1
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    Can an Independent Director of a Company be appointed as
    Independent Director of its holding, subsidiary or associate company?
    Read more on : director independent

    • Dear Divya Saluja,

      Yes, an Independent Director of a Company can be appointed as Independent Director of its Associate/sister concern.

      Also, as per clause 49 III. (i) of the listing agreement, at least one independent director on the Board of Directors of the holding company shall be a director on the Board of Directors of a material non listed Indian subsidiary company.

      14-08-2018 / 06:24:13 AM
      Reply



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