ROHIT SINGH
asked over 2 years ago
Pushkala Santhanam
answered over 2 years ago
Subject to the provisions of Section 152 of the Companies Act, 2013, an independent director shall hold office for a term up to five consecutive years on the Board of a company. Such independent director is eligible for reappointment for another term of five years. But such reappointment shall take effect only on passing of a special resolution by the company and disclosure of such appointment in the Board's report. Further, no independent director shall hold office for more than two consecutive term.
Archana
answered over 2 years ago
Hie Rohit, - As per the provisions of section 149 (10), an independent director shall hold office for a term up to five consecutive years on the Board of a company, but shall be eligible for reappointment on passing of a special resolution by the company and disclosure of such appointment in the Board's report.
ARJUN PRATAP SINGH
answered over 2 years ago
Dear Friend, as far as your query is concerned that In case of Re-appointment of independent director for second term, whether ordinary or special resolution is required. Let me informed that As per the provisions of section 149 (10), an independent director shall hold office for a term up to five consecutive years on the Board of a company, but shall be eligible for reappointment on passing of a special resolution by the company and disclosure of such appointment in the Board's report. Hope answer was helpful to you Regards, Arjun Pratap Singh
