PTS Ltd. is forming part of top 1000 listed entities. Being the company secretary of the company, advise on the following issues: What is the maximum age of non-executive directors?

CS Executive · Securities Laws and Capital Markets · PYQS · December 2024
PTS Ltd. is forming part of top 1000 listed entities. Being the company secretary of the company, advise on the following issues: What is the maximum age of non-executive directors?

Answer & Explanation:

No listed entity shall appoint a person or continue the directorship of any person as a non-executive director who has attained the age of 75 years unless a special resolution is passed to that effect, in which case the explanatory statement annexed to the notice for such motion shall indicate the justification for appointing such a person. [Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]

Topics: Listing Obligations

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