Dear Professionals,
Please help me to know, suppose co. A is listed Co and B is non listed. Both have one common thing i.e Mr. X (promoter/ director) in both the Companies. Mr. Y is an employee of Co.B (non listed) , can he be appointed as an Independent Director in Co. A. There is no transaction between the two companies
Hi Rk Verma,
You cannot appoint the employee y as an independent director in company X
Regards
Rakesh Kumar
Vardhaman Group of India
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