If an independent director to be appointed by limited company ,
a) Is it necessary to get him registered in independent director databank before his appointment;
b) he will have to pass test within one year of his appointment.
director
independent
Dear Members,
can any one tell me how to change the designation of independent director to non executive non independent director?
Thanks
director
independent
designation
change
Dear All,
A company has been delisted from stock exchange in the month of August, 2020 and paid up capital and turnover of this company is Rs. 5 crore and Rs. 7 crore respectively.
Now the all independent directors want to resign from the company.
Is it required to the company to appoint any other independent director in place of resigning director?
director
independent
resignation
Dear All,
A company has been delisted from stock exchange in the month of August, 2020 and paid up capital and turnover of this company is Rs. 5 crore and Rs. 7 crore respectively.
Now the all independent directors want to resign from the company.
Is it required to the company to appoint any other independent director in place of resigning director?
director
independent
resignation
my view is different, ID is making payment to have his/her name on Data bank and having name in data bank he might be appointed by one or more company. further He is making payment to be eligible for appointment as ID. It is expense in Individual capacity and can not be considered as Expense of Company. The Company can pay higher Sitting Fees in alternative.
If we think on above view, to become Company Secretary of Company we are making annual fees payment to ICSI and ICSI maintain our name in Register of members. and then we become eligible to be appointed as CS of Company. We can not demand such membership fees from Company.
director
independent
charges
imbursement
Dear All,
Is there any age limit for appointment of Independent directors like executive directors?
under Companies Act 2013 or RBI provisions?
director
independent
limit
Dear All,
Is there any age limit for appointment of Independent directors like executive directors?
Under Companies Act 2013 or RBI provisions?
director
independent
limit
Respected all,
In case of unlisted company
My query :- Can Independent director of Holding company appoint same Independent director in unlisted subsidiary company.
In case Listed company:
My query:-can Independent Director Listed entity appoint same Independent director in unlisted subsidiary company
director
independent
appointment
Dear Experts,
Kindly share your expert opinion on below query:
Can a Public Ltd.Co appoint a firm as Internal Auditors, whose managing Partner is a relative of Independent Director? If so appointed, Does the position of Independent Director get affected as such Director?
As per the relevant clause of section 149(6) -
(e) who, neither himself nor any of his relatives—
(ii) is or has been an employee or proprietor or a partner, in any of the three financial years immediately preceding the financial year in which he is proposed to be appointed, of—
(A) a firm of auditors or company secretaries in practice or cost auditors of the company or its holding, subsidiary or associate company; or
(B) any legal or a consulting firm that has or had any transaction with the company, its holding, subsidiary or associate company amounting to ten per cent. or more of the gross turnover of such firm;
director
independent
position
Dear professionals,
Please provide me checklist/ draft procedure relating to independent director databank.
Thanks & best regards
director
independent
Can an Independent Director of a Company be appointed as Independent
Director of its holding, subsidiary or associate company?
director
independent
Dear All, Is Online proficiency self assessment test mandated for all Independent director - existing and intends to get appointed or only Appointed after December 1st.
director
independent
test
online
