ROHIT SINGH
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Pushkala Santhanam
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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.
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Archana
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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
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
