Can an alternate director be appointed for an independent director? If so, are there any conditions for appointment of a person as an alternate director to an independent director?
0
0
Answer Now
Comment
Report
4
Answers
Section 161 (2) of the Companies Act, 2013 states that the Board of Directors may, if so authorized by its articles or by a resolution passed by the company in general meeting, appoint a person , not being a person holding any alternate directorship for any other director in the company, to act as an alternate director for a director during his absence for a period of not less than three months from India.
It is further provided that no person shall be appointed as an alternate director for an independent director unless he is qualified to be appointed as an independent director under the provisions of Companies Act, 2013.
Important Note โ Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures โ online & in Pen Drive/ DVD โ at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below โ
For any questions Request A Call Back
Hie Rohit,
- Proviso to sub-section (2) to section 161 provides that no person shall be appointed as an alternate director for an independent director unless he is qualified to be appointed as an independent director under the provisions of the Act.
NO, an alternate director for an independent director unless he is qualified to be appointed as an independent director under the provisions of the Act.
Dear Friend,
as far as your query is concerned that Can an alternate director be appointed for an independent
director? If so, are there any conditions for appointment
of a person as an alternate director to an independent
director?
Let me informed that Proviso to sub-section (2) to section 161 provides that no person
shall be appointed as an alternate director for an independent
director unless he is qualified to be appointed as an independent
director under the provisions of the Act.
Hope answer was helpful to you
Regards,
Arjun Pratap Singh