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nominee director

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(Querist)
22 December 2016 can a nominee director be called an independent director?
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
24 December 2016 Independent director is different from a nominee director. Nominee directors are generally appointed by banks or financial institutions to have over view of the operations of the company and spending of the loan amount

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