CA Final Download the best Free CA FINAL android app for cracking your exam! Download Now
They are the best ca final faculties in India. They have produced many toppers & rank holders. Their video classes are available only here -

Independent Directors

Independent Directors

Independent director as per Clause 49 of the Listing agreement shall mean non-executive director of the company who—

(a) apart from receiving director’s remuneration, does not have any material pecuniary relationships or transactions with the company, its promoters, its directors, its senior management or its holding company, its subsidiaries and associates which may affect the independence of the director;

(b)He is not related to promoters or persons occupying management positions at the Board level or at one level below the Board;

(c) He has not been an executive of the company in the immediately preceding three financial years;

(d) He is not a partner or an executive or was not partner or an executive during the preceding three years, of any of the following:—

(i) The statutory audit firm or the internal audit firm that is associated with the company;

(ii) The legal firm(s) and consulting firm(s) that have a material association with the company.

(e) He is not a material supplier, service provider or customer or a lessor or lessee of the company which may effect the independence of the director; and

(f) He is not a substantial shareholder of the company, i.e. owning two percent or more of the block of voting shares.

Independent Directors



At CAKART you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and and chat with our counsellors any time. We are happy to help you make successful in your exams

Independent Directors


Leave a comment

Your email address will not be published. Required fields are marked *