Comment on the following: Trustees for Depositors can be removed by a simple majority.

As per rule 7 of the Companies (Acceptance of Deposits) Rules, 2014: Trustees for depositors can only be removed from office before the expiry of their term with the unanimous consent of all directors present at the meeting of Board of Directors. In case the company is required to have independent directors, at least one independent director shall be present in such meeting of the Board.