Explain the manner in which the appointment of a 'nominee director' is regulated under the provisions of the Companies Act, 2013 and also state : (ii) What is the tenure of a nominee director ?

(ii) Regarding the tenure or term of office of nominee directors there is no fixed term for nominee directors, both appointment and termination depends upon the financial institution/bank or the government, and the terms of the agreement; as the case may be. In short, it can be said that the term of office of nominee director would be the term during the pleasure of the nominating agencies/ authorities such as financial institution, banks or government, as the case may be.