State the relevant provisions in each of the following situations as per to the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) [SEBI (LODR)] (Third Amendment) Regulations, 2021 vide

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2023
State the relevant provisions in each of the following situations as per to the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) [SEBI (LODR)] (Third Amendment) Regulations, 2021 vide SEBI notification dated 31st August 2021 effective from 1st January 2022. (v) Period of elapse required for the appointment of independent director who resigns from a listed entity.

Answer & Explanation:

No independent director, who resigns from a listed entity, shall be appointed as an executive / whole time director on the board of the listed entity, its holding, subsidiary or associate company or on the board of a company belonging to its promoter group, unless a period of one year has elapsed from the date of resignation as an independent director. [Regulation 25(11)] - New Insertion.

Topics: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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