In terms of the provisions of the Companies Act, 2013, answer the following: What is the tenure of independent directors and the number of terms for which such a director can be appointed? Are independent directors requi
CS Executive · Company Law · PYQS · December 2015
In terms of the provisions of the Companies Act, 2013, answer the following: What is the tenure of independent directors and the number of terms for which such a director can be appointed? Are independent directors required to hold meetings of their own without the presence of non-independent directors ?
Answer & Explanation:
Tenure of Independent Director Tenure of Independent Director: a term up to five consecutive years [Section 149(10)] Number of Term: Not more than two consecutive term [149(11)] Yes, According to Code of Independent Directors (Schedule IV), independent directors are required to hold at least one meetings of their own without the presence of non-independent directors.
Topics: Company Law
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