JK Scooters Ltd. is a listed company and wants to appoint a small shareholders' directors suo motu. You are being a Company Secretary of the company apprise the managing director on the following points, referring to the

As per rule 7(4) of the of the Companies (Appointment and qualifications of Directors) Rules, 2014, Small shareholders' director shall be considered as an independent director, if- a. he is eligible for appointment as an independent director as per sub-section (6) of section 149; and b. he gives a declaration of his independence as per sub-section (7) of section 149.